Caroline Hyde

Let's get straight over to Ed Ludlow.

You're in Las Vegas at the reInvent event.

I mean, the eye, the focus must be so trained on what's just been seemingly a positive thrust for Google when it all comes down to its own chips right now.

It's all about TPU.

It's all about chips, but it's also about their own innovations when it comes to large language models.

Lest we forget, yes, they've got an integration of OpenAI and Anthropic Cloud, but they've also been moving the needle on Nova 2.

Yeah, we've got so many conversations come up in this show.

But you've got to be sticking around because we thank you, Ed.

We're coming back to you because throughout the show, we'll have interviews.

But at the end, we'll have a sit-down interview with AWS CEO Matt Garman at 3 p.m.

Eastern Time.

Meanwhile, look, this is all a story of infrastructure about big tech companies such as Amazon, but also Alphabet, Meta and Microsoft spending heavily on AI with expected capital expenditure of over $380 billion combined in their current fiscal years.

That's going against big tech's mantra for the past two decades, let's call it, which is more about delivering growth while keeping really tight lid on spending.

It's a real flip reverse.

Let's talk about it with Bloomberg's tech equity reporter, Carmen Reinecke.

And sort of you've all been assessing how investors take this sudden wild capital expenditure.

Yeah, I mean, it has been the talking point and the thing that we've been focusing on the most with some of these big companies.

And

As you said, it really represents a change from how they've operated over the last two decades.

They really had very capital light businesses and were able to be very profitable, grow exponentially in some ways because of that.