Amazon Offers Weak Outlook on Rising Spending for AI

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(Bloomberg) — Amazon.com Inc. projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up spending to support artificial intelligence services.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneSan Francisco W