What are Tech CEOs doing with their cash

Give up on being a doctor give up on that AI will do that for you robots will take your job and you will be able to do nothing all day. We all know that CEOs are probably the worst place to get investment advice as their purpose is to defend the share price of the company and produce shareholder value. Regardless on weather or not the company is a good company or not because hey a job is a job. So, what is amazon doing? Looks like he is stockpiling cash to buy companies that are hit hard by AI but why? That makes no sense AI is going to replace all of these businesses ... right? Wrong every business has services that it needs to fulfil and AI is now a collection of everything on the internet and .... probably classified government information. Yet, big B seems to want to buy these businesses probably because he knows that AI on its own needs to be intelligently implemented and coupled if you want to see its benefits. Giving an employee a chat window and telling them to build something or figure it out is just lazy management. So, yes we are in a bubble not just with AI but with the currency devaluation the gambling economy and much more. Will it pop? Who knows.

https://futurism.com/future-society/jeff-bezos-buy-companies-ai