AI SPENDING HASN'T HIT OVERSPEND YET: BLACKROCK

AI DESK■ 1 MIN READ

THU, JUL 9, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

BlackRock's international equities chief says the AI capital expenditure cycle remains in healthy territory, with significant investment expected over the coming years before the market reaches typical overspend levels.

Helen Jewell, fundamental equities international chief investment officer at BlackRock, outlined the investment landscape for artificial intelligence during a Bloomberg Television appearance. Jewell stated that "the next few years are very clear from an AI perspective because of the amount of capital that you'll see being invested in that space." She noted that while historical capex cycles typically reach a point of overspending, the current AI cycle has not arrived at that threshold. "We don't believe that we're there now," Jewell said, suggesting the market still has room for continued expansion in AI infrastructure and technology spending. The comments come as major technology companies continue directing billions toward AI infrastructure, training, and development. BlackRock's assessment indicates confidence that current investment levels remain justified and sustainable in the near term.

■ SOURCES

► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE AI DESK

P423AI MAY EXPAND LEGAL WORK, NOT ELIMINATE IT

Contrary to predictions that artificial intelligence will shrink the legal profession, some law firms argue the technology could actually generate more billable work. Gary Wingens, chair at Lowenstein Sandler, discusses how his firm is deploying AI and its implications for lawyer employment.

1H AGO— AI Desk

P418MONTEFIORE REPLACES 12 NURSES WITH AI SOFTWARE

Montefiore hospital in the Bronx laid off 12 nurses and replaced them with AI-powered software for utilization review work. The New York State Nurses Association claims the move violates a recently negotiated contract.

1H AGO— AI Desk

P414US ESTIMATES AI MODEL THEFT COSTS $6B YEARLY

The US government estimates that unauthorized distillation of AI models costs American labs up to $6 billion annually. Major AI companies including Anthropic and OpenAI have flagged the practice as an existential threat to national security.

1H AGO— AI Desk

P416CHINA LEADS GLOBAL AI ADOPTION WITH MEDICAL AND SURVEILLANCE SYSTEMS

China has embraced artificial intelligence across sectors from healthcare to logistics, deploying AI doctors to millions of users and autonomous drones for food delivery, while also integrating the technology into state surveillance infrastructure.

1H AGO— AI Desk

◄ BACK TO NEWS

AI SPENDING HASN'T HIT OVERSPEND YET: BLACKROCK

■ MORE FROM THE AI DESK

■ SUBSCRIBE TO THE DAILY BRIEF