Sam Palmisano says the AI boom is built on long-cycle bets in data centers, chips and energy, even as AI software changes at breakneck speed. If adoption slows or cheaper Chinese open-source models gain traction, Big Tech may have to rethink the spending plans behind today’s AI race.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-22/the-ai-spending-spree-comes-with-a-catch-video)