Kairos Partners sees AI investment focus shifting from infrastructure to monetization

• Kairos Partners’ analysis finds hedge managers have significantly reduced portfolio risk as AI investment focus shifts from infrastructure growth toward monetization.
• AI capital expenditure is projected to reach $960 billion in 2026, up 107% from the previous year.
• Neocloud providers’ share of total AI capital expenditure is expected to exceed 20%, versus less than 10% in 2025.
• Investment outpacing AI revenue could create excess capacity, pressure prices and reduce returns on invested capital.
• China offers selective opportunities in technology companies and exporters, while weak consumption and property-sector distress constrain prospects for a broad recovery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kairos Partners Sgr S.p.A. published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.