Benedict Evans Says AI Capex Is Eating The World And Investors Still Have No Map
Benedict Evans says AI's biggest investors can't explain where the money goes – and the data backs him up. Breaking down the 2025 "AI Eats the World" presentation: $400B in annual capex, no product moats, and a consumer engagement gap that should worry every AI bull.
Benedict Evans says AI's biggest investors can't explain where the money goes – and the data backs him up. Breaking down the 2025 "AI Eats the World" presentation: $400B in annual capex, no product moats, and a consumer engagement gap that should worry every AI bull.
Benedict Evans says AI's biggest investors can't explain where the money goes – and the data backs him up. Breaking down the 2025 "AI Eats the World" presentation: $400B in annual capex, no product moats, and a consumer engagement gap that should worry every AI bull.
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