Asa Fitch
speaker
71 appearances
1 recordings
1 series
first heard Aug 2025
last heard Aug 2025
Asa Fitch’s voice in public audio — every appearance, attributed to the second.
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Appearances
Those days are gone.
Today, the watchword is who can spend the most money on AI?
Because AI is the thing that's going to drive forward these businesses in the near future, in the long future, at least in the minds of many of the leaders of these tech companies.
So you can't afford to not spend money on AI.
And you can't afford to spend perhaps less than your competitor on AI.
Because first of all, you have the money.
These tech companies are minting money.
It's not like they're sort of going to the piggy bank, borrowing tons of money, getting big into debt because they want to splurge on AI.
They're getting money out of their business.
They're spending that money largely on AI.
So there's a bit of comfort in the ability of these tech companies to continue to spend on AI and continue to ramp up spending on AI.
It has been, nonetheless, pretty insane.
If you look at the numbers, as you mentioned, these numbers are huge.
Just look at the trajectory.
Google last year spent $50 billion or so in capital expenditures, much of that on AI.
At that point, that was a large amount of money.
This year, they're talking about spending $85 billion on this stuff.
That's up from a previous plan of $75 billion.
So it's a ton of money.
And people tend to be blinded by these figures.
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