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Ark's Cathie Wood Reports Global Cloud CAPEX Expanded to $700B+ on July 15

GateNews
AI Industry News
According to Ark Investment Management, CEO Cathie Wood said on July 15 that major global cloud companies have expanded their 2026 capital expenditure (CAPEX) plans to over $700 billion, up from approximately $600 billion at the start of the year. Wood also highlighted rapid growth in AI service demand, noting that Anthropic's annual recurring revenue (ARR) surged to approximately $47 billion within six months from $9 billion at year-end 2025. Wood characterized AI as a "new platform shift" rather than a trend, stating it is driving meaningful revenue growth across industries.
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