The a16z Show · Wednesday, September 30, 2026
The current investment cycle, driven by AI, is one of the largest in modern history, with high-tech equipment, software, and R&D accounting for 55% of US capital spending. This buildout has surpassed railroads as a percentage of GDP, and projections suggest a 20x increase in cumulative investment over the next decade.
“AI is driving one of the largest investment cycles in modern history.”
“So high-tech equipment, software, and R&D now account for roughly 55% of US capital spending, which is just a staggering number.”
“This build out just surpassed railroads as a percentage of GDP.”