Global Stock Selloff: AI Investment Will Continue, George Colony Says
Channel: Bloomberg Television
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Read a transcript preview of “Global Stock Selloff: AI Investment Will Continue, George Colony Says” from Bloomberg Television, uploaded on 2026-11-05.
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Language: English (original, creator captions)
[0:00] What do you think is driving this massive sell off we're seeing?
[0:02] So let's keep this in perspective. So Forrester believes that tech expenditure will be up to
[0:07] $6,100,000,000,000 next year, and it will be up around 8%. So tech expenditure is not slowing
[0:14] down. It's increasing. And most... And tech, AI will be, 30% of all tech expenditure by
[0:20] the year 2030. So let's calm down, everybody. AI is... This is the most important technology
[0:27] invented in my lifetime. It is... This is extraordinary. So let's let's calm down.
[0:31] Is there, like, at least at the margins, any expected slowing post election? I mean, you
[0:37] look at Texas, for example, where we're expecting so many data centers to come online. You
[0:41] have a governor that largely ran... Or not largely ran, but partially ran on data centers.
[0:45] All of the local electorate like the house and the senate are also seemingly flipping blue.
[0:50] Wouldn't that at least at the margin pretend to a little bit of a slowdown?
[0:53] I think what's gonna happen is you're gonna see these data centers get built, or they're
[0:56] gonna get built in different states. You're gonna see a migration. This is too powerful of
[1:00] a force. It's too powerful of a technology. It's too useful of a technology to not
[1:04] happen. So it's going to happen, but just in different states. Definitely not in Texas now,
[1:07] probably not in Ohio, and not in Georgia. So there... There'll be... Let's let's let's call
[1:11] it a migration of capital at this point. And remember, there's a factor which we haven't,
[1:16] we haven