Alphabet's massive AI capex increase

Alphabet earnings. Claude goes to the Superbowl. Why AI brand loyalty isn’t even remotely a thing yet. And is the whole Marc Andreessen theory of software eating the world in the process of being eaten by AI? Wall Street is worried about that very scenario.

• Google set to double AI spending to $185bn after strong earnings (FT)
• OpenAI Frontier is a single platform to control your AI agents (The Verge)
• Anthropic says ‘Claude will remain ad-free,’ unlike ChatGPT (The Verge)
• Microsoft’s Pivotal AI Product Is Running Into Big Problems (WSJ)
• New Data: OpenAI’s Lead Is Contracting as AI Competition Intensifies (Big Technology)
• Threat of New AI Tools Wipes $300 Billion Off Software and Data Stocks (WSJ)
• AI Won’t Kill the Software Business, Just Its Growth Story (WSJ)

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