Closing Bell Closing Bell: The AI Runway 5/7/26
May 7, 2026
Lo Toney, venture capitalist and Anthropic investor, shares perspectives on Anthropic's rapid scale. Stephanie Aliaga, JPMorgan rep, outlines persistent compute and supply constraints. Bryn Talkington, Requisite Capital contributor, offers market analysis on AI adoption and valuation cycles. They discuss AI growth, compute pressures, concentration in big tech, and how supply limits shape investment opportunities.
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Creative Destruction Forces Software Reinvention
- Stephanie Aliaga called the current era one of heightened creative destruction, where only software that reinvents for agentic AI will survive.
- Atlanta Fed survey showed CFOs plan to raise AI spend per employee ~50% this year.
AI Investment Is Pressuring Equipment Inflation And Rates
- Steve Leisman highlighted rising equipment inflation tied to information processing, noting AI investment adds upward pressure on rates.
- He flagged federal borrowing plus private AI demand as dual drivers of capital needs.
Wait For Productivity Data Before Banking On AI Gains
- Investors and Fed should wait for data before assuming productivity gains from AI will justify policy shifts.
- Steve warned some Fed members want to front-run productivity, but others prefer to see real data first.