What's Next in Global Macro-Two Sides of the AI Debate

February 15, 2026 07:00 AM GMT Sunday Start | What's Next in Global Macro M Global Idea Two Sides of the AI Debate For much of 2025, markets debated whether AI was just hype or a technology that could transform the economy and markets in a meaningful way. We have entered 2026 with that debate firmly tilted against the 'hype' argument. 4Q earnings reports from the large hyperscalers show unambiguous, escalating commitments to AI and the infrastructure powering it, evidence that AI is real and transformative. ...