Hong Kong Summit: AI Capex Enters Show-Me-the-Money Phase
Speakers at the Global Financial Leaders’ Investment Summit in Hong Kong, reported on 5 November, described AI capital spending as having entered a show-me-the-money phase, with investors favouring physical and manufacturing applications over further compute buildout. The same report cited the industry ministry saying it is drafting a next-generation smart manufacturing policy that pushes AI through the entire production chain. Capital and policy arrived at the same conclusion from opposite directions, which makes industrial AI budgets easier to defend than compute budgets.
