avday 
Why AI stocks fell: Big Tech's AI spending now outruns its cash
Alphabet had its worst day since 2004, and Amazon and Intel dragged futures lower before Friday's open. The filings show three of four big AI spenders paid out more cash than they made.
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Anthropic S-1: $16.3bn in sales, $80.7bn loss, mostly on paper
Amazon and Google invest in Anthropic, sell Claude through their clouds and hold at least $224.5bn of its compute contracts. What the IPO filing shows.