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Musk, Zuckerberg Battle for AI Supremacy With $155 Billion Splurge | The Pulse 1/29

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January 29, 2026

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Meta Platforms will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the US tech giants battle it out for supremacy in the next wave of technological advancements.

Tesla will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics - almost double Wall Street estimates — and plow another $2 billion into Chief Executive Officer Elon Musk’s xAI startup. Musk also said Tesla needs to build its own semiconductor factory.

Today's guests: Kim Crawford, JPMorgan Asset Management, Global Rates Portfolio Manager; Giulia Pellegrini, Allianz Global Investors, Emerging Markets Portfolio Manager; Tiina Lee, Citi, UK CEO; Liam Fox, Former UK International Trade Minister and Former UK Defence Minister.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

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Meta PlatformsWall StreetFormer UK Defence MinisterThe PulseFrancine LacquaWaller MiranJPMorgan AM's Kim CrawfordDeutsche Bank

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