{"podcast":{"title":"UBS On-Air: Market Moves","slug":"ubs-on-air-market-moves-2992243","podcast_index_feed_id":2992243,"rss_url":"https://www.ubs.com/us/en/wealth-management/insights/podcasts/_jcr_content/root/contentarea/mainpar/toplevelgrid_1112494256/col_1/tabteaser/tabteasersplit/innergrid/col_1/responsivepodcast_co.itunes.xml","website_url":"https://www.ubs.com/us/en/wealth-management/insights/podcasts.html","image_url":"https://www.ubs.com/content/dam/podcasts/wma/Image/UBS_On-Air_Podcast_Logo-2.png","author":"Podcast owner","episode_count":300,"summary":"UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior","last_synced_at":"2026-07-28T08:17:13.858505+00:00","page_url":"https://stenobird.com/podcast/ubs-on-air-market-moves-2992243"},"episode":{"title":"Signal over Noise: What US history tells us about AI capex","slug":"signal-over-noise-what-us-history-tells-us-about-ai-capex","published_at":"2026-06-29T07:39:00+00:00","page_url":"https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/signal-over-noise-what-us-history-tells-us-about-ai-capex","show_page_url":"https://stenobird.com/podcast/ubs-on-air-market-moves-2992243","url":"https://www.ubs.com/content/dam/podcasts/wma/260628-signal-over-noise.mp3","audio_url":"https://www.ubs.com/content/dam/podcasts/wma/260628-signal-over-noise.mp3","summary":"This episode explores what historical US innovation can teach us about the trajectory of AI CapEx. Drawing on the 250 years of US innovation series, it looks at three key lessons from past capital cycles, from railroads to electrification to the internet. It highlights how innovation cycles tend to follow a similar pattern, how competition drives investment dynamics, and where value ultimately emerges in the application layer.","meta_description":"This episode explores what historical US innovation can teach us about the trajectory of AI CapEx. Drawing on the 250 years of US innovation series, it lo…","key_points":[],"chapters":[],"topics":[],"duration_seconds":493,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/signal-over-noise-what-us-history-tells-us-about-ai-capex/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/signal-over-noise-what-us-history-tells-us-about-ai-capex.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}