{"id":238996,"date":"2026-02-12T10:15:00","date_gmt":"2026-02-12T15:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=238996"},"modified":"2026-02-13T04:29:38","modified_gmt":"2026-02-13T09:29:38","slug":"at-the-ai-coalface","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/futures\/at-the-ai-coalface\/","title":{"rendered":"At the AI coalface"},"content":{"rendered":"\n

It\u2019s been a brutal few weeks for tech investors. Hyperscalers remain unrepentant in their spending plans<\/strong>. Whether their cumulative forecast capital expenditure commitments for 2026 \u2013 which are estimated equivalent to<\/a> Israel\u2019s GDP \u2013 will generate adequate returns remains subject to intense debate. To gain some perspectives your author visited the AI and Big Data Expo Global<\/a> in London.<\/p>\n\n\n\n

The event, which your author has attended previously<\/a>, saw 8,000 delegates convene to meet more than 150 exhibitors and listen to over 200 speakers. Executives from tech businesses including Microsoft and SAP, major financials such as JPMorgan and Visa, as well as a swathe of retailers had the opportunity to weigh in with their perspectives on AI. The view from the coalface was notably pragmatic.<\/p>\n\n\n\n

\u201cAI is nothing without data\u201d<\/strong> was one of the key messages shared by Visa\u2019s Head of Data Science in Europe in the keynote speech<\/a> on day two of the conference. For AI to scale successfully, it is integral for businesses to build trust with all their stakeholders. Visa\u2019s advice: establish strong foundations and make new technology explainable<\/strong>. These factors will be critical, particularly as agentic commerce \u2013 where Visa has a clear vested interest \u2013 scales.<\/p>\n\n\n\n

It is hard to disagree with this view. However, \u201cAI is nothing without data centres\u201d represents a more accurate picture of current reality<\/em>.<\/strong> This was abundantly evident from multiple conversations your author had at the event. There was near unanimity in the view that securing land with guaranteed power supplies was the major bottleneck for AI.<\/strong> Hyperscalers can commit all the dollars they want, but \u201cwe are in times of compromise,\u201d as one industry expert described things. Debates over AI\u2019s value will continue to run.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted on February 12, 2026 – At the AI coalface<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been a brutal few weeks for tech investors.\u00a0Hyperscalers remain unrepentant in their spending plans.<\/p>\n","protected":false},"author":597,"featured_media":185461,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,6,8,9,26,3],"tags":[],"contributors-categories":[13720],"class_list":{"0":"post-238996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-futures","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-text-articles","12":"category-traders-insight","13":"contributors-categories-heptagon-capital"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nAt the AI coalface | Traders' Insight<\/title>\n<meta name=\"description\" content=\"It\u2019s been a brutal few weeks for tech 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