The moneymen funding Big Tech’s AI dreams
Plus, the blockbuster IPOs putting bankers under the microscope
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Year in a word: AI bubble
The high priests of Silicon Valley and Wall Street are beginning to acknowledge the excesses of Big Tech valuations
Big Tech’s $725bn AI spending spree sends free cash flow to a decade low
Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors
Investors glimpse pay-off for Big Tech’s mammoth spending on AI arms race
Earnings reports of major players show how artificial intelligence services are boosting revenues
Investors seek protection from risk of AI debt bust
Trading in insurance-like products that protect against tech company defaults is booming
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending