04:35:37 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 25,000,000
Close 2024-09-18 C$ 22.26
Market Cap C$ 556,500,000
Recent Sedar Documents

FP says Amazon, rivals hear AI risks are real

2024-09-19 08:25 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)
Also In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Financial Post reports in its Thursday edition that many large companies are cautious about the potential risks of generative artificial intelligence, with more than half of Fortune 500 companies mentioning these concerns in their filings with the U.S. Securities and Exchange Commission. The Post's Anthony Marcusa writes that while about 30 per cent mentioned the benefits, experts caution that the risks of AI are real and should not be overshadowed by the promise of the technology. Toronto Metropolitan University AI instructor Daniel Tsai says: "I understand where they are coming from; there's a lot of uncertainty. The media spin is driven by Big Tech. They love AI. By expressing to the public the possibilities and potential, it's a way to drive up their share price. Big Tech wants AI to be adopted." Shares of Amazon, Microsoft and Alphabet, the three companies leading the development and commercialization of AI technologies, all fell after their recent earnings reports, signalling that investors remain concerned about the risks associated with AI. Arize founder Jason Lopatecki says, "AI is one of the most complicated technologies humans have ever put out there, so the concerns are not incredibly surprising."

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