A request of capital from investors
1 November 2026 (TNW | Finance). Ehren Stanhope, co-head of investment management at Franklin Templeton, commented on Big Tech's shift from buybacks toward debt and equity issuance to fund AI spending, in a 2026 Reuters report.
Big Tech buybacks fall 83% as AI spending eats the cash, Reuters reports - The Next Web
Who else?
What it refers to: Big Tech firms are cutting buybacks and dividends, instead raising debt and equity to fund soaring AI capital spending.
Other voices
- “They're really relying on the kindness of strangers” Tobias Carlisle,
- “That capital is the only reason we're not in a recession” Reid Hoffman,
- “Still baffled by AI capex? You should be” Azeem Azhar, Builder,
- “There is no AI bubble” Dan Simkowitz, Investor,
- “They don't show up on the P&L in a way that justifies significant infrastructure investment” Louis Landry,










