IBM's CEO Just Did the Math on AI Spending -- and the Numbers Don't Add Up

Tokenomics: AI Has an income statement - it’s time to read it

Among the giants of the digital world, hyperscalers like Amazon, Google, Meta and Microsoft will collectively allocate more than $500 billion in capital expenditure to AI infrastructure this year. When a handful of players invest upwards of half a trillion dollars in data centers, primarily to support AI, that tells us they see a ton of demand. We can say with total certainty that they have every intention of recouping their investment (and then…

The AI CapEx Bubble Is Hitting a Physical Wall

Wall Street is currently funding an absurd, structurally broken capital expenditure binge, and the bill is about to come due. The corporate hype machine loves to pretend that artificial intelligence is just clean, celestial software floating in some magical digital ether, a fantasy that conveniently ignores the brutal, heavy-industry reality of massive data pipelines and gigawatt-scale infrastructure while retail investors eagerly pump their lif…

Amazon raises AI capital spending to about $220 billion for 2026 as data-center race intensifies

As demand for computing power continues to climb, Amazon has a roughly $220 billion AI spending target for 2026, a sign of how much the competition around artificial intelligence has intensified. The move reflects both AI's growth potential and the steep cost of building the infrastructure needed to support it. What happened? In its second-quarter 2026 results, Amazon said it raised its 2026 AI spending estimate by $20 billion from its February …

IBM's CEO Just Did the Math on AI Spending -- and the Numbers Don't Add Up

Big Tech is about to spend $725 billion on AI infrastructure in 2026 alone — Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Meta Platforms (NASDAQ:META) combined, up 77% from $410 billion just last year. That kind of spending has become the defining feature of this market cycle, and most bubble warnings focus on the usual ... IBM’s CEO Just Did the Math on AI Spending — and the Numbers Don’t Add Up

The Jersey Pump Principle: why AI's trillion-dollar bet could stall like a 1949 gas pump law

Through the lens of Silicon Valley and Wall Street, the path forward for artificial intelligence looks entirely pre-ordained. Four dominant tech hyperscalers are on track to spend an unprecedented $650 billion on data centers and infrastructure this year alone. A narrow group of AI enablers now carries nearly half the total value of the S&P 500 — some measures now put the AI-linked share closer to 50%–57%, meaning the concentration is arguably e…

US Data Center Construction Boom by the Numbers: $700 Billion in AI Infrastructure Spending Explained - Channelchek

Data center construction and AI infrastructure spending in the United States are on pace to hit approximately $700 billion in 2026, an 81% increase over 2025, making this the largest single-category construction boom in the country. Data center construction starts totaled just $14.9 billion in 2023. By 2025, that figure had exploded to $77.7 billion, a 190% year-over-year increase. To put the scale of 2026 spending in perspective, the entire US …