– “The Other I in AI: Cost of Investment” ✍️ Author: Sreedev Krishnakumar 💡 Main Theme: The article focuses on the increasing capital expenditure (capex) and infrastructure costs associated with artificial intelligence among major technology companies, including Amazon, Microsoft, Alphabet, Meta and Oracle. 📈 Key Points: • Hyperscaler capex has nearly tripled from 2022 levels. • Total hyperscaler capex is expected to reach approximately $750–$800 billion in 2026. • Cash capital expenditure is growing faster than operating cash flow for major technology companies. • Increasing dependence on debt, bond issuance and lease liabilities is being used to finance data-centre expansion. • Rapid technological developments may shorten the economic life of AI chips. • Shorter chip life cycles could increase depreciation costs and financial burdens for companies