The top 5 things that happened in the AI race this year

Nvidia CEO Jensen Huang was often seen by the side of President Donald Trump.

Leah Millis/Reuters

• The future of the AI race was laid down in 2025.
• Big Tech may hold up the entire economy with its capex spending spree.
• Meanwhile, concerns about a bubble are unlikely to subside.

2025 was unquestionably the year of AI.

Big Tech shelled out roughly $400 billion on capex, a spending spree so extensive that some economists believe it staved off an overall recession.