Business · South Africa
AI, Big Tech Spending, and M&A Trends Impacting Growth
Moneyweb · 2026/02/13
Summary
This week, experts looked closely at Anthropic's latest large language model (LLM), which shows impressive analytical abilities. Keith McLachlan from Element Investment Managers shared his insights on how AI technologies like this are shaping investment decisions. Additionally, there was a focus on the massive $600 billion capital expenditure (capex) planned by major technology companies, known as hyperscalers, in the United States. This huge spending is expected to significantly boost the US economy by driving growth and innovation. The discussion also touched on mergers and acquisitions (M&A) as vital tools for companies to stay competitive and adapt in a rapidly changing market. For South African businesses and investors, these trends highlight the growing importance of technology investments and strategic partnerships in future economic success.
OnABudget takeaway: For everyday South Africans and small business owners, this means technology and smart investments will be key to staying competitive. Keeping up with AI developments and understanding mergers could open new opportunities to grow or protect your money.