Principal's Shah on AI Capex Cycle, Markets
THE SO WHAT
Public markets are starting to treat AI capex as a multi-year structural cycle, not a short-lived bubble. If you're a buyer of AI infra or services, expect financing to remain available—but also expect investors to push you on utilization, not just headline spend.
READ THE SOURCE
MORE FROM THE WIRE
Applied AIOpenAI Asia-Pacific Policy Head to Leave After Six Months in Job
Rapid turnover in a senior APAC policy role at OpenAI, just as regulators in the region ramp scrutiny, underlines how unsettled the rulebook still is. If you’re deploying frontier models in Asia-Pacific, do not assume US or EU policy patterns will map cleanly—treat each major market as its own regulatory program.
Applied AIPeter Thiel: You Know Who Else Wants to Regulate AI? The Antichrist
AI regulation is becoming a culture-war wedge, not just a policy debate. For operators, that means regulatory risk will be lumpy and state-by-state—treat AI governance as a political variable, not a purely technical one.
Applied AIOpenAI Expects $70 Billion in Annualized Revenue by End of 2026
If OpenAI is tracking toward $70B in annualized revenue on the back of enterprise growth, AI infra and integration budgets are nowhere near a plateau. For operators, that means two things this quarter—pricing power likely persists at the model layer, and board expectations for AI-driven revenue will ratchet up.
Applied AILumentum CEO: Opto-Parts Capacity Sold Out to 2029
Optoelectronic components for AI data centers being "sold out" through nearly 2029 means the real bottleneck has moved below GPUs into the optical stack. If you're planning large-scale AI infra, lock in optics and interconnect supply now—this is no longer a just-in-time market.