Timothy B. Lee called it:

I don’t expect Big Tech’s capital spending to grow as much in 2026 as it did in 2025, but I do expect it to grow, ultimately exceeding $500 billion for the year.

We find out by Dec 31, 2026. 132 days to go

Open

Timothy B. Lee: “I don’t expect Big Tech’s capital spending to grow as much in 2026 as it did in 2025, but I do expect it to grow, ultimately exceeding $500 billion for the year.

🔒 The test · locked Aug 22, 2026

MET if Combined capital expenditures for calendar year 2026 of Google/Alphabet, Microsoft, Amazon, Meta and Oracle, as reported in those companies' own quarterly and annual financial filings, exceed $500 billion in aggregate. Announced or pledged future spending that is not booked as capital expenditure does not count on the deadline date, before 2026-12-31 23:59 (UTC).

Settles by documented review of public evidence against these locked criteria; the reviewer is named and the reasoning published.

The original wording did not settle the timing on its own. The reading above was chosen at registration and locked with the claim — it was not decided after the fact.

Test details
Settled byevidence
Window2026-01-01 2026-12-31
TimezoneUTC
Data vintagelatest_revision
Min source tier1
Stated likelihood75% — preserved, never scored
Contract hash0x1f1b91e3…702c04
Full resolution criteria

Settles TRUE if the combined calendar-year 2026 capital expenditures of the five hyperscalers the author names — Google/Alphabet, Microsoft, Amazon, Meta and Oracle — as reported in those companies' own financial filings, exceed $500 billion in total. Otherwise FALSE.

Quote verified against the source

Timothy B. LeeUnderstanding AI (Substack)Said Dec 31, 2025Added to Thonest Aug 22, 2026Anchored Aug 22, 2026

Added by Thonest from a public source. The person quoted did not submit, approve, or endorse this record; the wording is verified against the source itself.

Read the original on understandingai.org

Prediction #1 in Understanding AI's year-end '17 predictions for AI in 2026' post, published Dec 31, 2025, with a stated 75% confidence.

History — append-only

2026-08-22
Recorded · Recorded and locked from the original source

Proof

Evidence hash0x319d1081…9e6572
Source snapshot
Record fingerprint0x319d1081fb96788a31f169c11a2ea49114617801a09d3c5dfc53302a529e6572
Proof path
2 hashes from this record to the anchored root
  1. 0x4a027d36be344ea4b551af7908baeebc5af5bca42b6b50b321817951a834c29b
  2. 0x79a61b137cd340479c5fba921ff4beefedef102faa6da844ac275c9ae184b041
Merkle root0x9b00e29462c7b5e6eba519a3133ec56a54ed1c6bbeaf98315813b599ce74c02f
batch #52 manifest · 4 entries
Registry0x3d74d9e2f0f4c741fc49b34cc119b6db0cef47c0 · entry #51
the contract refuses any batch that doesn’t follow the previous one, and has no function to edit or delete one — including for us
Anchored onchainbase-mainnet · Aug 22, 2026
0xb7755897…dc68a6 on block explorer
Quote checkThe quote appears verbatim in the response the platform returned.
Platform capture0x37ac879c6c6432e08ae969fb4167723bf78da72a530432df8efbd4c2434546e2
view the canonical capture · the page as served to us, kept verbatim and covered by the evidence hash

✓ The anchored proof cannot be rewritten, and the published record is append-only by default. Everything that happened afterward is in the history above — corrections are appended, never silently edited in.

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Related

AlphabetMicrosoftAmazonMetaOracleAI capital expenditure