The David Lin Report · Wednesday, August 12, 2026
The speaker argues that AI is a matter of national security, which will necessitate a massive capital expenditure (capex) boom over the next 18 to 24 months. This boom is expected to drive productivity growth, with the current phase only representing operating leverage and not yet showing the full impact of productivity gains.
“And here's the problem, is that AI is a matter of national security.”
“So we're going to see a massive capex boom. That is going to drive productivity growth.”
“We have yet to see productivity kick in.”