The fire hose of AI model releases stopped this week, and in the quiet, the money did the talking from both directions at once. Wall Street stopped rewarding AI spending on faith — Microsoft and AWS were rewarded for showing returns, Meta was punished as free cash flow fell 91%.
At the same time, OpenAI cut its GPT-5.6 model by 80% just three weeks after launch. CapEx ballooning at the top, prices collapsing at the bottom. The grace period is over, and your board is about to ask the same question the market just asked your vendors.
Top stories for week 32:
- Wall Street rewards AI revenue, punishes spend
- Hyperscaler AI spending hits $725B, up 77%
- OpenAI cuts GPT-5.6 price 80% in three weeks
- Google DeepMind ships Gemini Robotics 2
