{"slug": "what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all", "title": "What if the AI capex bubble may not be a bubble after all?", "summary": "Microsoft CEO Satya Nadella recounted Sam Altman's pitch for the OpenAI-Microsoft partnership, which framed human knowledge as a logarithmic function of compute, suggesting that the AI capital expenditure boom may be justified despite bubble concerns.", "body_md": "The way Satya Nadella tells it, Sam Altman had a killer pitch when first discussing an OpenAI-Microsoft partnership: “knowledge is the log of compute.”\n\nIn other words, human knowledge – about anything – is an increasing function of the amount of computing power thrown at it. And knowledge increases more and more slowly as more compute is applied.\n\nLoading...", "url": "https://wpnews.pro/news/what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all", "canonical_source": "https://www.afr.com/technology/sam-altman-is-being-proved-right-about-the-economics-of-ai-20260817-p60p1k", "published_at": "2026-08-18 08:33:01+00:00", "updated_at": "2026-08-18 09:11:18.637821+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-research"], "entities": ["Satya Nadella", "Sam Altman", "OpenAI", "Microsoft"], "alternates": {"html": "https://wpnews.pro/news/what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all", "markdown": "https://wpnews.pro/news/what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all.md", "text": "https://wpnews.pro/news/what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all.txt", "jsonld": "https://wpnews.pro/news/what-if-the-ai-capex-bubble-may-not-be-a-bubble-after-all.jsonld"}}