Bloomberg Surveillance Single Best Idea with Tom Keene: Wei Li & David Westin
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Sep 22, 2025 Discover the intriguing dynamics of artificial intelligence capital expenditure and how tech cash flow is shaping the future. Wei Li and David Westin dive deep into the reputational challenges facing Disney and ABC, particularly under Bob Iger's leadership. The conversation highlights the pressing need for transparency and accountability in today's media landscape. Tune in for insights that could inform your understanding of market trends and corporate strategy!
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Program Aims To Spark Big Conversations
- Tom Keene frames the episode as eclectic, covering mergers and H-1B debates with strong differing views.
- He aims to generate conversation around seismic events rather than settle one side.
AI CapEx Is Big And Hidden
- Wei Li observes that AI capex is large but opaque and firms hide precise spending figures.
- Markets are giving tech companies leeway to overspend to stay competitive in the existential AI build-out race.
Cash Flows Backstop AI Spending
- Wei Li notes free cash flow covers increased capex and tech firms can still raise public or private funding.
- She sees the AI build-out as early-stage with “all systems go” for continued spending.