Summary of Key Points from the Citi CIO Survey Industry Overview - The survey focuses on the **Global Technology & Communications** sector, specifically examining IT budget growth expectations among CIOs in the US and EMEA regions [1][2][23]. Core Insights 1. **IT Budget Growth**: - IT budgets are expected to grow by **+3.3%** over the next 12 months, an increase from **+1.9%** in the previous survey [2][23]. - US IT budget growth accelerated to **+3.6%**, while EMEA saw an increase to **+2.4%** [2][26][27]. 2. **Investment Priorities**: - The top investment priority for CIOs is **Data Analytics/Generative AI**, followed by **Cybersecurity** and **Digital Transformation** [3][29]. - **Data Analytics/GenAI** reclaimed the top rank, indicating a shift in focus from Cybersecurity, which is now the second priority [3][12]. 3. **Generative AI Trends**: - Generative AI accounts for approximately **6%** of IT budgets, with CIOs favoring **Microsoft** as the preferred vendor, followed by **Amazon**, **OpenAI**, and **Google** [4][58]. - There is a notable expectation among CIOs that investments in Generative AI will lead to headcount reductions, with **53%** anticipating this outcome within the next 1-2 years [16][63]. 4. **Cybersecurity Budget Growth**: - Cybersecurity budgets are expected to grow by **~6.7%**, reflecting a **~1.6pt** increase in growth expectations [12]. - **64%** of CIOs believe that Generative AI initiatives will drive higher cybersecurity budgets [12]. 5. **Sector-Specific Insights**: - **Application & Data/Analytics Software**: Remains a high priority, with a focus on data modernization and AI infrastructure [8]. - **Cloud Providers**: Anticipated to benefit from increased spending, with projections for **AWS** and **Google Cloud** revenues growing by **+22.5%** and **+36%** respectively [15][19]. - **European Technology**: Shows improving sentiment with a projected IT budget growth of **+2.4%**, although still below trend rates [19]. Additional Important Insights 1. **Vendor Consolidation**: - There is a strong trend towards vendor consolidation in the cybersecurity space, with CIOs looking to streamline their vendor relationships [12][50]. 2. **Public Cloud Spending**: - Spending on public cloud infrastructure services is expected to grow by **6.1%** year-over-year, indicating a robust demand for cloud services [15][48]. 3. **Headcount and AI**: - The expectation of headcount reductions due to Generative AI investments has increased, with **77%** of CIOs expecting these savings within the next two years [16][63]. 4. **Economic Sentiment**: - CIOs report a less negative outlook on the macroeconomic environment, with **31%** indicating improved conditions over the last quarter [19][32]. 5. **Pricing Behavior**: - A majority of CIOs have noted that software vendors are maintaining or increasing prices, which could impact budget allocations [38]. This summary encapsulates the key findings from the Citi CIO Survey, highlighting trends in IT budget growth, investment priorities, and the impact of Generative AI on the technology landscape.

Microsoft has agreed with Indigo Carbon to buy a record 2.85 million soil carbon credits linked to regenerative agriculture in the United States, as the tech giant aims to become "carbon negative" by ... ...

微软在1月13日的官方博文中援引国际能源署数据，到2035年，美国数据中心用电需求将从现在的每年 200太瓦时猛增到640太瓦时，相当于德国全国一年的用电量。而美国电网"老掉牙"，大部分输电线路运 行超过40年，早就超负荷运行。新建一条高压输电线路，从规划到建成最少需要7年；新建发电站，也 得等5年左右。 超大型AI数据中心消耗的电量，抵得上一座几十万人城市的耗电量。全美已有4000多个这样的"电老 虎"，未来四年数量还可能翻三倍。它们日夜不停地训练大模型、处理你的每一条搜索和视频，电表转 得比飞轮还快，结果电网撑不住了，电费上涨。 巨头们不仅在抢电，还在"围猎"能源人才。2024年大型科技公司能源相关招聘量同比激增34%，招聘重 点从"可持续发展"形象岗转向能源采购、电力市场交易、电网接入策略等基础设施职位。亚马逊(包括 AWS)招聘达605人，微软自2022年招募超570名能源专家，谷歌也增加了约340人。 在得克萨斯州，每个月都有几十吉瓦的数据中心用电申请，但电网能批下来的只有1吉瓦出头。卡内基 梅隆大学研究警告，数据中心扎堆地区，居民电费可能被推高25%。彭博社数据显示，某些地区批发电 价五年涨了26 ...

微软与OpenAI的协同效应持续显现，尽管37%的首席信息官预计未来将使用Azure OpenAI服务，但这一 比例较2025年第二季度57%的调查数据已显著回落。 摩根士丹利分析师凯斯·韦斯(Keith Weiss)团队在周三发布的研究报告中指出："伴随软件支出环境的持 续改善，我们认为微软作为科技平台最可能持续受益。根据首席信息官调研数据，市场对微软2026年加 权平均支出增速预期达7.3%，体现企业级客户对其长期投入的坚定信心。" 调研数据进一步显示，92%的受访首席信息官计划在未来12个月内使用微软的生成式AI产品，而这一比 例在2024年曾高达95%。 韦斯在报告中强调："根据最新首席信息官调查数据，微软Azure仍被视为首选公有云厂商，且预计未来 三年将持续保持领先地位。当前，53%的企业应用程序工作负载已部署于Azure平台，而调研显示这一 核心部署比例在未来三年将维持稳固态势——值得注意的是，在此期间公有云整体市场采用速度仍在加 速提升，形成'头部厂商份额稳固+行业渗透率提升'的双重增长动能。 智通财经APP获悉，摩根士丹利首席信息官(CIO)调查表明，企业 2026 年软件预算有望同比再增 ...

Summary of 4Q25 CIO Survey – Key Points Industry Overview - The survey focuses on the **US Tech** industry, particularly the **IT budget outlook** for 2026, highlighting trends in **Software**, **Communications**, **Hardware**, and **IT Services** sectors [2][40]. Core Insights 1. **IT Budget Growth Expectations**: - IT budget growth is expected to moderate from **+3.5% in 2025 to +3.4% in 2026**, a decline of **8 basis points** [2][40]. - Sequentially, the growth expectation for 2026 deteriorated from **+3.8% YoY** in the previous quarter [2][40]. 2. **Sector-Specific Trends**: - **Software**: Expected to see a modest acceleration in growth to **+3.8%** in 2026, up **9 basis points YoY** [2][40]. - **Communications**: Growth is expected to decelerate to **+2.2%**, down **27 basis points YoY** [2][40]. - **Hardware**: Anticipated growth is only **+1.0%**, a significant drop of **58 basis points YoY** [2][40]. - **IT Services**: Expected to grow by **+2.0%**, a slight decrease of **3 basis points YoY** [2][40]. 3. **Regional Insights**: - US CIOs expect budget growth of **+3.5%**, while EU counterparts anticipate **+3.1%**, indicating a narrowing gap between the two regions [2][40]. 4. **CIO Sentiment**: - The **1-year up-to-down ratio** for budget revisions fell to **0.5x**, indicating a more cautious outlook among CIOs [2][40]. - The percentage of CIOs expecting budget increases dropped to **17%**, while those expecting decreases rose to **36%** [2][40]. 5. **AI and IT Spending**: - **Artificial Intelligence** remains the top priority for CIOs, with **68%** planning to engage service providers for AI projects [40]. - **81%** of CIOs expect to have GenAI-based workloads in production by the end of 2026, up from **79%** in the previous quarter [40][37]. Additional Insights 1. **Hiring Expectations**: - **33%** of CIOs expect overall hiring to decrease in 2026, while **18%** expect an increase, reflecting a cautious hiring outlook [6][40]. - **63%** of CIOs believe AI-related IT spending will impact hiring plans, with a significant portion expecting hiring to decrease [6][40]. 2. **K-Shaped IT Budget**: - CIOs may be reallocating budgets from less strategic areas to prioritize AI-related investments, indicating a shift in spending dynamics [6][40]. 3. **Vendor Insights**: - Microsoft, Google, and Amazon are expected to gain the largest incremental share of GenAI spend in 2026, with Microsoft leading at **35%** [8][11][40]. - The survey indicates a trend towards consolidating IT spending with fewer vendors, particularly in software [6][40]. 4. **Concerns Over Hardware Spending**: - Hardware budgets are projected to grow at the slowest rate since 2009, raising concerns about potential demand destruction in the sector [18][40]. 5. **Long-Term Outlook**: - CIOs' confidence in the long-term spending environment has moderated, with only **38%** expecting IT spending as a percentage of revenue to increase over the next three years [40]. Conclusion The 4Q25 CIO Survey indicates a cautious outlook for IT budgets in 2026, with sector-specific deceleration, particularly in Hardware and Communications. Despite the excitement surrounding AI, the anticipated growth in IT budgets does not fully align with expectations, suggesting a need for strategic reallocations and a focus on consolidating vendor relationships.

January 14, 2026 02:07 AM GMT Microsoft | North America 4Q25 CIO Survey Takeaways – Secular Trends Driving Share Gains M CIOs expect modest acceleration in software budgets to +3.8% in '26 (vs 3.7% in '25), while Microsoft remains in pole position to garner increasing IT Wallet share as GenAI adoption ramps and cloud migrations pick up, with improving Copilot penetration over the next 3 years. Remain OW and Top Pick. Key Takeaways Microsoft Remains Key Generative AI Winner Benefitting From Durable Cloud Tra ...

据知情人士透露，微软(MSFT.US)已成为Anthropic的顶级客户之一，近期正有望每年投入约5亿美元， 利用Anthropic的人工智能(AI)为微软产品提供动力。 还在加大力度向其云计算客户推销Anthropic的AI模型，这可能为两家公司带来更多收入。 知情人士指出，微软正在激励Azure销售人员推销Anthropic的模型，并增加了在其内部用途及产品中对 Anthropic AI模型的支出。这些举措出台之际，受微软支持的OpenAI正与微软的竞争对手开展更多业 务。 据两名微软员工透露，微软最近告诉其Azure云部门的部分销售人员，向微软云客户销售Anthropic AI模 型将像微软自研软件一样计入其销售配额。、微软通常不会为非微软产品提供此类销售激励，因为这类 产品对Azure的盈利能力较低。目前针对Anthropic的销售激励将持续到6月底。 该公司曾为销售OpenAI模型(微软也通过Azure销售该模型)提供同样的激励。新的配额制度在功能上意 味着，销售人员推销Anthropic模型的动力与推销OpenAI模型一样大。 2025年11月，微软承诺向Anthropic投资高达50亿美元——A ...

扎克伯格押注核能 一个超大型AI数据中心消耗的电量，抵得上一座几十万人城市的耗电量。而这样的"电老虎"，全美已经有4000多个，未来四年数量还可能翻 三倍。 它们日夜不停地训练大模型、处理你的每一条搜索和视频，电表转得比飞轮还快。结果就是，电网撑不住了，电费价格上涨，科技巨头们为 了"抢电"已经杀红了眼。 马斯克从海外买下整座发电厂设备运回美国；谷歌干脆花48亿美元买了一家发电公司；扎克伯格则迷上了核电站，最近刚签了三个核能大单； 微软则郑重承诺，绝不转嫁电费。 不过承诺未必有效，卡内基梅隆大学的研究警告称：一些地区居民电费可能因此暴涨25%。 01 硅基吞电兽vs老掉牙的电网 现代AI，本质上就是"烧电"的艺术。 你每次让ChatGPT写首诗，或者用Siri定个闹钟，背后都有成千上万的GPU在数据中心里疯狂运转。这些芯片组成的机架，需要巨量电力驱 动，用于冷却的液冷系统，同样需要电力支持。 以GB200 NVL72为例，单机架功耗接近140kW，24小时运转，日耗电量接近3000度。 微软在1月13日的官方博文中援引国际能源署的数据显示，到2035年，美国数据中心用电需求会从现在的每年200太瓦时，猛增到6 ...

[Table_Title] 研究报告 Research Report 14 Jan 2026 美国能源自动化航空航天与国防 US Energy Automation Aerospace and National Defense 新工业双周报(12/29-01/11)： 穆迪预测未来五年全球数据中心投资至少达 3 万亿美元；PJM 预计 2040 年夏季用电量将增加至 220GW Moody's: Global Data Center Investment to Reach at Least $3 Trillion Over Next Five Years; PJM: Summer Power Demand to Rise to 220 GW by 2040 毛琼佩 Olivia Mao 杨钰其 Yuqi Yang olivia.qp.mao@htisec.com yq.yang@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 核心观点： 1）全球基 ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 TMTB Morning Wrap TMTB 早间综述 TMT BREAKOUT TMT 突破 JAN 14, 2026 2026 年 1 ⽉ 14 ⽇ ∙ PAID ∙ 付费 Good morning. QQQs -50bps to start. BTC +1% to $95k hitting 2 months highs while other commodities (Silver, Gold, Copper) continue to hit new highs as oil seems to be having a moment as well. Asia mostly saw gains: TPX +1.26%, NKY +1.48%, Hang Seng +0.56%, HSCEI +0.32%, SHCOMP -0.31%, Shenzhen +0.65%, Taiwan TAIEX +0.76%, Korea KOSPI +0.65% 早安。QQQ 开盘下跌 50 个基点。BTC 上涨 1% ⾄ 9.5 万美元，触及两个⽉⾼点；与 此同 ...