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Big Tech to Spend $650B This Year as AI Race Intensifies

Four of the biggest US tech companies have forecast capital expenditures that will reach about $650 billion in 2026 for new data centers and gear, underscoring just how quickly the AI race is accelerating. Lei Qiu, AllianceBernstein CIO of Thematic Innovation Equities, joins Caroline Hyde and Ed Ludlow to discuss what this wave of investment…

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Four of the biggest US tech companies have forecast capital expenditures that will reach about $650 billion in 2026 for new data centers and gear, underscoring just how quickly the AI race is accelerating. Lei Qiu, AllianceBernstein CIO of Thematic Innovation Equities, joins Caroline Hyde and Ed Ludlow to discuss what this wave of investment means for markets and disruption across industries on “Bloomberg Tech.”
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3 Comments

3 Comments

  1. @jtcintl4373

    February 6, 2026 at 10:01 pm

    Thank you, Ms. Qiu!!! 👏👍

  2. @genxchas

    February 7, 2026 at 12:17 am

    She’s absolutely right ✅️ on point especially the last 5 min

  3. @Daniel-p1x1t

    February 7, 2026 at 7:33 am

    That’s a steep price of $650b for “hope” that we are building a road to somewhere, hmm?!?

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Bloomberg Technology

New Tracker Traces AI’s Real-Time Impact on Work

Nela Richardson, Chief Economist at ADP and a Bloomberg contributor, says employers need to decide whether AI is going to be a tool for automating roles away or augmenting tasks to create new value. She discusses the new Canaries Dashboard, launched by ADP and the Stanford Digital Economy Lab, to provide real-time indications of how…

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Nela Richardson, Chief Economist at ADP and a Bloomberg contributor, says employers need to decide whether AI is going to be a tool for automating roles away or augmenting tasks to create new value. She discusses the new Canaries Dashboard, launched by ADP and the Stanford Digital Economy Lab, to provide real-time indications of how AI is reshaping different occupations based on labor market data. Richardson joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

AI Is Not Safe Yet, Says UCLA Professor

As AI giants Anthropic and OpenAI prepare for IPOs, the companies are stressing their efforts to ensure the tech is safe and beneficial for humanity. But Safiya Noble, a UCLA professor and director of the university’s Center on Resilience & Digital Justice, says current AI is not safe, and that stereotypes and biases are being…

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As AI giants Anthropic and OpenAI prepare for IPOs, the companies are stressing their efforts to ensure the tech is safe and beneficial for humanity. But Safiya Noble, a UCLA professor and director of the university’s Center on Resilience & Digital Justice, says current AI is not safe, and that stereotypes and biases are being built into training data. Noble joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

SpaceX Has Proved ‘Outlandish’ Ideas Before: Baillie Gifford’s Singlehurst Says

With enthusiasm for SpaceX’s IPO building, attention has turned to its orbital data center plans. Peter Singlehurst, head of private companies at Baillie Gifford, says making outlandish ideas work is something the Musk-run company has done multiple times before. Singlehurst speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe…

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With enthusiasm for SpaceX’s IPO building, attention has turned to its orbital data center plans. Peter Singlehurst, head of private companies at Baillie Gifford, says making outlandish ideas work is something the Musk-run company has done multiple times before. Singlehurst speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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