{
  "docId": "019dd923-5e88-73ef-bd5d-cdf676789001",
  "docSlug": "1873217bba818632",
  "documentTitle": "2025 Bond Cap Artificial Intelligence AI 2025",
  "authorId": "BondCap",
  "authorName": "BOND",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 103,
  "pageCount": 340,
  "prevPage": 102,
  "nextPage": 104,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 22,
  "notes": "The chart highlights a +21% CAGR in CapEx spend over the period.",
  "elementsJson": [
    "bar_chart_vertical",
    "line_chart"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-cdf676789001/103",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-cdf676789001",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-cdf676789001.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-cdf676789001#slide-103",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.14,
        "x": 0.43,
        "y": 0.55
      },
      "kind": "callout",
      "text": "+21% / Year",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d865cb3-b893-45f7-89fb-005934c382ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.8,
        "x": 0.1,
        "y": 0.25
      },
      "kind": "chart",
      "text": "CapEx spend in $B (blue bars)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0d720e83-7816-4065-adef-cb18a254b8b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.8,
        "x": 0.1,
        "y": 0.25
      },
      "kind": "chart",
      "text": "CapEx as % of Revenue (red line)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7ca2a11f-9652-4434-9876-90f6e42e1b55",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "disclaimer",
      "text": "*Note: Big Six USA technology companies include Apple, Nvidia, Microsoft, Alphabet / Google, Amazon, & Meta Platforms / Facebook. Only AWS CapEx & revenue shown for Amazon (i.e. excludes Amazon retail CapEx). AWS CapEx estimated per Morgan Stanley – equals AWS net additions to property & equipment less finance leases and obligations. Source: Capital IQ (3/25), Morgan Stanley (5/25)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d120100-2a0f-40dd-ad00-590478e9f45c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "CapEx as % of Revenue: 15%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-4e54-704a-a051-f23db592314e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "...CapEx Spend @ Big Six* Tech Companies = 15% of Revenue & Accelerated vs. 8% Ten Years Ago",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca1a40d5-036b-435f-8c00-9d92df2f22b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.17
      },
      "kind": "title",
      "text": "Big Six* USA Public Technology Company – CapEx Spend ($B) vs. % of Revenue – 2014-2024, per Capital IQ & Morgan Stanley",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae7b7ddd-72aa-47a3-8a4d-a09ca98e8f36",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "af3c0259-a572-4d8c-9b6f-c756cf27be60",
      "evidence": "...CapEx Spend @ Big Six* Tech Companies = 15% of Revenue & Accelerated vs. 8% Ten Years Ago",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 340,
      "from": 31,
      "beatId": "08b5f3f3-e96d-4460-a176-750933765cf7",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The deck concludes by encouraging action, providing guidance on navigating the AI landscape.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}