Spiros Margaris: Uber rapidly uses 2026 AI budget as companies rethink AI spending

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Artem Shendetskii

30.05.2026

Spiros Margaris: Uber rapidly uses 2026 AI budget as companies rethink AI spending — Uber uses 2026 AI budget in months

Spiros Margaris, founder and owner at Margaris Ventures, highlights that Uber exhausted its 2026 AI budget within just four months, serving as a wakeup call for firms pursuing aggressive AI investments.

He argues that it is no longer about whether AI is powerful, but about whether investments in AI deliver measurable and justified returns. Margaris adds that the real winners will be those able to translate AI spending into clear business value.

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Margaris has previously highlighted the scale of capital flowing into AI, pointing to Anthropic’s reported near-$1 trillion valuation following a $65 billion fundraising round. He has also noted that AI is driving new activity in mergers and acquisitions, turning technology assets into strategic targets and prompting a repricing across industries. These developments have contributed to intensifying competition in the AI sector.

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