$725BHyperscaler capex in 2026 alone (Microsoft, Alphabet, Meta, Amazon) — almost all AI infrastructure
$1.15TProjected capex 2025–2027 — more than double 2022–2024
$1.05TCloud spend committed by OpenAI + Anthropic to the four big clouds
$852BOpenAI valuation, March 2026 — on a $122B raise, FT-verified