This is an existential battle. Whoever wields the most intelligence will build the most value
Mike Alfred on why the CapEx keeps climbing and nobody blinks. None of the hyperscalers have blinked. Every single one is increasing their CapEx budget every quarter, every year, for years now, and I don’t see how that stops. This is an existential battle. Whoever wields the most intelligence will be able to build the most value in society, generate the most profitability, build the most sustainability into their business. Nobody wants to be Blockbuster Video. You don’t want to be written up as a Harvard business case study because you were on the board of a company that failed to invest in the future. You sat on your hands and just milked your cash flow, and other companies ran an end-around your entire business and caused you to become obsolete.
#AI #CapEx #Markets #Investing #Tech
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