Nuggets | Curated insights across markets, macros, AI, tech & geopolitics

Corporate investment in AI across model providers, infrastructure and software tripled in a single year, reaching $37 billion in 2025. Spend was allocated across the infrastructure layer — foundation models, model training and AI infrastructure — and the application layer, which captured more than half of all AI dollars.7 The rapid growth of application layer spend may signal that enterprise adoption is…