📋 Quick Takeaways

• AI infrastructure spending to reach $602 billion in 2026 — a 36% year-over-year increase with 75% directed toward AI projects
• Google surges past OpenAI in AI race as Sam Altman declares “code red” to match Gemini 3 performance
• Alphabet acquires Intersect Power for $4.75 billion to secure renewable energy for AI data centers
• ByteDance plans $23 billion AI infrastructure investment despite U.S. chip export restrictions
• EU AI Act enters critical enforcement phase on August 2, 2026, requiring compliance from global AI companies
• CES 2026 kicks off January 4 with NVIDIA CEO Jensen Huang keynote expected to shape AI industry direction

🏆 Google Overtakes OpenAI — Sam Altman Declares “Code Red”

The AI Leadership Battle Takes a Dramatic Turn

Major Shift: In a stunning reversal, Google has surged ahead in the AI race, prompting OpenAI CEO Sam Altman to declare an internal “code red” emergency as the company scrambles to match Google’s latest Gemini 3 AI models.