Show Notes
Big Tech is printing cash, but the "Mag 7" earnings reveal a stark divide in investor reactions to the AI Capex race. On the Big AI front, OpenAI has officially broken its exclusivity with Microsoft but is beginning to show signs of a user-acquisition stumble, just as Anthropic nears a staggering $900 billion valuation. Meanwhile, a geopolitical earthquake has hit the private markets: China has ordered Meta to unwind its $2 billion Manis acquisition, a deal that is legally and logistically "more than done".
Kevin Brockland of Indelible Ventures joins Tech Talk to discuss the market's winners and losers. We unpack why Alphabet is the "sleeper" winner of the AI race, the regulatory shift in Beijing that just killed the "Singapore-washing" exit strategy for Chinese founders, and which companies will be left standing when the AI bubble finally pops.
Tune In To Find Out: The ROI Pressure Cooker: Why current AI spending mirrors the fiber optic bubble of the late 90s, and who survives if the bubble pops.
The Manus Shock: Inside the $2 billion unwinding ordered by Beijing for Meta to undo an acquisition, creating a legal and logistical nightmare for relocated staff.
OpenAI’s Performance Gap: Why internal concerns are mounting as the company misses acquisition targets while Microsoft relinquishes exclusivity.
The Claude Surge: Why users are ditching OpenAI for Anthropic, and the looming commoditisation of foundational models.
Alphabet’s Distribution Edge: Why Google Workspace and talent density make Alphabet the most dominant long-term player.
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