Chase & David break down the AI spending boom into three parts for episode 26:
1) Is AI infrastructure spending big enough to mask underlying economic weakness. When tech companies are dropping hundreds of billions on data centers and infrastructure, it creates ripple effects across markets and GDP. Are we in a bubble?
2) David asks the question about the energy shortfall equation that's creating real bottlenecks. From utilities to power generation, the math is getting interesting.
3) What's next in the AI chain—agentic AI that can actually take actions, not just chat. We discuss who wins when these agents need massive amounts of proprietary data to be useful, and why the companies sitting on the right data sets might be the real beneficiaries of this next wave.
From capex distortions to energy bottlenecks to data ownership, we're covering the investment themes that matter beyond the AI headlines. Enjoy!
(3:20) An AI Bubble?
(9:05) Where does all the money go?
(12:15) Why big dollars doesn't equal big jobs.
(15:10) The energy bottleneck.
(21:20) How the big models (& companies) relate to all the spending.
(27:00) An AI model and a microwave.
(31:45) The next stage - Agentic AI
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
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Music by Agent Method
