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Robots, layoffs and horrendous expenses: Not every AI hits the mark

Robots, layoffs and horrendous expenses: Not every AI hits the mark

By Elizabeth Knight
Publication Date: 2026-01-29 04:31:00

Tuesday evening in the US was like the opening night of Oscars week for major tech companies as early quarterly results gave stock markets a chance to assess their performance.

It’s proving to be a way to test the mettle of artificial intelligence bulls against the group of investors nervous about the hundreds of billions being spent on the AI ​​arms race and the return potential of that investment.

Amazon’s decision to cut jobs spooked those investors who feared the cost-cutting move was necessary to raise funds for AI.Illustration: Monique Westermann

It was a mixed bag, partly redefining the rules for rewarding performance and exposing the fickleness of investors.

Elon Musk’s Tesla earnings announcements…

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