AI | BlackRock: AI Capex Cycle Hasn’t Hit Overspending Yet

BlackRock’s Helen Jewell said the artificial intelligence capital-expenditure cycle has not yet reached the point where overspending begins, according to Bloomberg. Speaking on Bloomberg Television, Jewell, the firm’s fundamental equities international CIO, said the “next few years are very clear from an AI perspective” given the amount of capital expected to be invested in the space, adding, “We don’t believe that we’re there now.”