And Big Tech is looking for cash.
Alphabet is reportedly expanding a massive stock sale to nearly $85 billion.
Meta is turning AI agents into a paid business product across WhatsApp, Messenger, and Instagram.
Why?
Because the AI race is no longer just about building the best model.
It is about funding the infrastructure behind it.
Data centers. Chips. Energy. Talent. Distribution.
Google and Meta have both raised their 2026 capex forecasts, with upper estimates reaching $190 billion and $145 billion respectively.
That changes the game.
The winners of AI may not be the companies with the flashiest demos.
They may be the companies that can do three things:
Fund the buildout.
Turn usage into revenue.
Keep investors patient long enough for the returns to show up.
AI is becoming a financing race as much as a technology race.
