Fortune: Hyperscaler Capex Hits $800B as Gartner Pegs 2030 AI Revenue Shortfall at $4.9T

Fortune pulls the capital-supply crunch together in one view: OpenAI cut its latest round to $20B from $30B after locking in only $11B, S&P downgraded Meta's credit outlook citing negative free cash flow, hyperscaler capex is on track for $800B this year and over $1T next year, and Gartner projects data centers need $8.5T in cumulative revenue by decade's end versus just $3.6T of projected AI revenue. BlackRock's Larry Fink calls capital competition 'the fiercest' of his career and Broadcom's CEO warns capital could become AI's 'biggest constraint.'