BITCHUTE - 'Caution Is Warranted': Ed Dowd Warns Wall Street's AI CapEx Party Is Ending
Aired On: 7/24/2026
AXIOS (Madison Mills) - Jamie Dimon blesses the trillion-dollar AI capex boom
JPMorgan Chase CEO Jamie Dimon stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar. Why it matters: With investors increasingly anxious about whether AI revenue can keep pace with spending, the head of the world's largest bank endorsed a capital expenditure wave projected to top $1 trillion next year. - The latest Big Tech earnings reports last week made clear that the massive buildout is propping up not only the stock market, but U.S. economic growth writ large. - "The technology is so powerful, it's worth the trillion-dollar investment," Dimon said at an Anthropic event unveiling new partnerships and AI agents tailored to financial services. Zoom in: Dimon and…
AXIOS (Sara Fischer) - Meta to lay off 8,000 as part of AI efficiency push
Meta told staff Thursday it plans to lay off roughly 8,000 people, or around 10% of the company, two sources confirmed to Axios. Why it matters: The cuts come as Meta looks to offset rising AI infrastructure costs. Zoom out: Meta's capital expenditures have ballooned in recent years, sparking investor concerns that excessive AI spending will eat into profits. - In January, the company said it expects capex to soar by at least 60% this year compared with 2025, "driven by increased investment to support our Meta Superintelligence Labs efforts and core business." - Free cash flow, meanwhile, is expected to plunge 83% year over year. Reality check: Meta is no stranger to large-scale cuts. - Layoffs affecting more than 20,000 workers…