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Applied AI·July 2, 2026·1 min read

'Absolutely No Sign' of Let Up in AI Demand, UBS Says

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UBS staying “slightly overweight” semis and seeing no let-up in AI demand tells you public markets still expect multi-year capex into AI infra, despite volatility. If you’re buying GPUs, land, or power, assume continued competition for capacity and lock in multi-year terms where you can live with the downside.

Applied AI

Sources: OpenAI has discussed giving a 5% stake to the US government as the company seeks to clear political obstacles by securing buy-in from the Trump admin

A potential 5% public stake in OpenAI would formalize what’s already true—frontier AI is now treated as strategic infrastructure, not just software. If this proceeds, expect tighter policy coupling across the stack and start mapping how direct government equity in a key vendor could affect your own regulatory and procurement exposure.