Massive AI spending and higher interest rates: What's behind the tech sell-off?

Tech stocks experienced a significant downturn, with the Nasdaq index dropping 2.2 percent, driven by investor concerns over massive planned capital expenditures on AI and the looming threat of higher interest rates. This sell-off underscores the financial strain companies might face as they invest heavily in AI technology, while also reflecting broader economic anxieties tied to rising borrowing costs. Additionally, the article touches on Spain's innovative climate leave policy, hinting at the intersection of economic policy and technological investment trends.