Bloomberg Businessweek

Amazon said it plans to spend billions more than expected on data centers, chips and other equipment, fueling investor concerns that the company’s massive bet on artificial intelligence will take longer to pay off than anticipated.The company reported $39.5 billion on property and equipment expenses in the fourth quarter, topping estimates by almost $5 billion, and said its capital expenditures would reach $200 billion this year. Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal and James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capita
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Jenny Rooke, Ph.D., is the founder and Managing Director of Genoa Ventures. She leverages her unique toolkit of genetics domain expertise, strategic business acumen, and venture investing to launch and empower the next generation of category-defying companies at the convergence of technology and biology. Dr. Rooke has nearly two decades of investing experience, beginning at Fidelity Biosciences in 2006 as a Kauffman Fellow.
Coming off the annual JPMorgan Healthcare Conference in January, Dr. Rooke says she's encouraged by new scientific tools in development as well as the broader tailwinds for the biotech sector. She discusses her takeaways from the conference and the importance of emerging specialties in so-called “precision medicine” with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Alphabet Inc. shares slipped after the company reported fourth-quarter revenue that beat expectations but said it plans to spend far more than investors expected in 2026.
The Google parent said it will spend $175 billion to $185 billion this year, compared with the $119.5 billion analysts expected. The company’s fourth-quarter sales, excluding partner payouts, were $97.23 billion, surpassing the $95.2 billion expected on average by analysts, according to data compiled by Bloomberg.
Chief Executive Officer Sundar Pichai said the investments are paying off. “We’re seeing our AI investments and infrastructure drive revenue and growth across the board,” he said Wednesday in the statement. “Search saw more usage than ever before, with AI continuing to drive an expansionary moment.” Google Cloud revenue was $17.7 billion, beating the $16.2 billion analysts expected.
Google has raced to reinvent its business for the AI age, working to keep consumers in the habit of going to its search page even when they could also go to chatbots from rivals like OpenAI. The company has quickly improved its Gemini model and integrated it throughout its products — an effort that has required massive investment in data centers and chips for model improvement and cloud customers.
The industry has leaned on Google’s progress. Google is supplying up to one million of its specialized AI chips to Anthropic, cementing Google’s position as a key infrastructure provider in the AI space. Gemini will also be a provider of AI for Siri on Apple Inc.’s iPhones. The Gemini app has 750 million monthly active users.

Today's show features:
Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh and reacts to quarterly earnings from Alphabet
Dan Ives, Global Head of Technology Research at Wedbush Securities, on Alphabet earnings and why he sees the world's biggest software companies weathering the storm brought on by artificial intelligence
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on Wednesday’s call between President Donald Trump and China’s Xi Jinping, and strained talks between the US and Iran
Axel Merk, President and Chief Investment Officer of Merk Investments, on the precious metals trade and the potential market impact of a Kevin Warsh-led Federal Reserve
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Driivz, a company owned by publicly-traded Vontier, is a global software supplier to electric-vehicle charging operators and service providers. It aims to accelerate the plug-in EV industry’s ongoing transformation using a cloud-based platform that spans EV charging operations, energy management, advanced billing capabilities and driver self-service tools.
Shiri Levi-Laor was appointed on January 14 as the new Chief Executive Officer of Driivz. She joined the firm at the start of 2025, previously serving as Chief Operating Officer. She discusses her company's technology offerings and the EV market outlook amid recent sales slumps at Tesla and China's BYD. Shiri speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump’s election victory.
The plunge in software makers weighed on trading as Anthropic’s automation tool heightened concerns their core businesses are at risk. The S&P 500 fell 0.8% and the Nasdaq 100 slid 1.6%. In late hours, Advanced Micro Devices Inc. gave a disappointing forecast. Energy firms joined crude higher as the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea.
Despite losses in major benchmarks, most shares in the S&P 500 actually rose. FedEx Corp. - an economic barometer - extended a record-breaking rally. Walmart Inc. topped $1 trillion.
Bets on AI companies have dominated the US equity market for three years, but a growing number of investors are now wagering that run, led by the “Magnificent Seven” megacaps, is giving way to broader market participation. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth.

Today's show features:
Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Wall Street’s rising jitters centered around AI’s impact on software companies
Neil Dutta, Partner and Head of Economics at Renaissance Macro Research, on the US monetary policy outlook and President Donald Trump choosing Kevin Warsh as his nominee to lead the Federal Reserve
Bloomberg News Real Estate Reporter Patrick Clark on homebuilders’ plan for a massive program to develop "Trump Homes" to address the US affordability crisis
Jaime Magyera, Managing Director, Head of US Wealth Advisory and Head of Retirement at BlackRock, on key investing and retirement planning trends
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