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If you want to bank on the picks and shovels play behind the AI Capex spend, you need to understand growth drivers.

Investors have been piling into semiconductors but what if you wanted to look beyond NVIDIA?

As computing demands grow, bottlenecks are springing up like traditional copper wiring slowing data transfers because of their heat constraints.

Enter photonics: a whole field devoted to controlling photons or light.

We also ask What if the biggest AI winners aren’t the ones building it - but the ones powering it?

Michelle Martin explores the $700 billion AI infrastructure surge reshaping markets, from hyperscaler spending by Amazon, Microsoft, Alphabet, Meta and Oracle to the hidden bottlenecks in power and data centres.

The conversation with Alvin Chow unpacks who really profits from this capex explosion.

Michelle and Alvin also explore OpenClaw, the open source viral AI agent phenomenon in China; if OpenClaw boosts productivity, which companies are set to benefit really?

See omnystudio.com/listener for privacy information.