The week in receipts

Meta's purchases of property and equipment nearly doubled in 2025, from $37.3bn to $69.7bn — 34.7% of its revenue

Marvell designs the custom accelerators, optics and switching silicon that wire AI clouds together, and that business has crowded out everything else it sells. In the quarter to 2 May 2026, data centre revenue of $1.83 billion out of $2.42 billion total came to 76% of Marvell's revenue

A National Bureau of Economic Research working paper, drawing on the Federal Reserve Banks of Atlanta and Richmond's CFO Survey of roughly 750 corporate executives, found that by the end of 2025 more than 40% of US companies still had not invested in AI at all, as of year-end 2025

Nebius rents out AI cloud capacity and is scaling from a small base. Revenue in the second quarter of 2026 reached $582.3 million against $105.1 million in the same quarter of 2025 — a 454% year-on-year rise in revenue

Marvell's revenue hit a record $2.74 billion in the quarter to 1 August 2026, up 37% year-on-year, led by an AI data-centre business that grew even faster — accelerating to 46% year-on-year, to $2.17 billion in Data Center revenue

A survey of nearly 6,000 senior business executives across the US, UK, Germany and Australia — run by the Bank of England, the Federal Reserve Bank of Atlanta, the Bundesbank and Macquarie University — found that on average 69% of businesses already use AI