11 mei 2026 · 14:30

Big Tech $755B AI Spend Cuts Shareholder Returns

Goldman Sachs projects the five biggest hyperscalers will pour $755 billion into AI infrastructure in 2026, an 83 percent year-on-year increase funded partly by slashing stock buybacks by two-thirds. For European pension funds, utilities, and regulators, the scale of Big Tech AI spending is no longer an American story. This episode maps the financial, regulatory, and industrial consequences from a European perspective.