{
  "docId": "019dd923-5e88-73ef-bd5d-92cb9e5864da",
  "docSlug": "dfd94aead7429e9f",
  "documentTitle": "2025 Benedict Evans 2025 Autum AI eats the world",
  "authorId": "BenedictEvans",
  "authorName": "Benedict Evans",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "independent_analyst",
  "sourceTypeLabel": "Independent analyst",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 24,
  "pageCount": 90,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-92cb9e5864da/24",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-92cb9e5864da",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-92cb9e5864da.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-92cb9e5864da#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.59,
        "x": 0.205,
        "y": 0.298
      },
      "kind": "quote",
      "text": "“We now expect the FY26 growth rate to be higher than FY25” - Microsoft",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "543af243-d91f-4181-b94c-067a7d35808c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.59,
        "x": 0.205,
        "y": 0.658
      },
      "kind": "quote",
      "text": "“We expect a significant increase in 2026” - Alphabet",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab262181-30b3-4a84-8fa3-7374782fa0bb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.59,
        "x": 0.205,
        "y": 0.478
      },
      "kind": "quote",
      "text": "“Capex dollar growth will be notably larger in 2026” - Meta",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d12eac4a-cef9-4ab8-a6a6-aa035825fe3f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“We now expect the FY26 growth rate to be higher than FY25” - Microsoft; “Capex dollar growth will be notably larger in 2026” - Meta; “We expect a significant increase in 2026” - Alphabet",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-4e52-728e-9279-9ba37b55832d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Authority Bias",
      "slug": "authority-bias",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-1b83-7130-9342-0004b6171699",
      "evidence": "Quote-style 'Big Tech Capex Outlook'",
      "confidence": 65
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 48,
      "from": 14,
      "beatId": "019dd95a-07a7-7579-bd65-4f5b40875a96",
      "arcName": "The Mountain",
      "arcSlug": "mountain",
      "beatName": "Rising Action",
      "beatSlug": "mountain-rising-action",
      "evidence": "Inside tech: $400bn capex, $1.4tr OpenAI, models commoditize, value capture unclear",
      "position": 2,
      "confidence": 70,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    },
    {
      "to": 48,
      "from": 1,
      "beatId": "019dd95a-07a7-7579-bd65-5b209794247f",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Platform shift evidence + capex surge + model proliferation data",
      "position": 1,
      "confidence": 60,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [
    {
      "to": 32,
      "from": 16,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-08f8-7619-ac2e-c14e75f113cd",
      "evidence": "Sequence of $400bn, $1.4tr, supply-constraint, hyperscaler-cashflow charts",
      "position": 2,
      "objective": "Stack capex evidence to prove unprecedented investment cycle",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 80,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}