Capital
The Most Important AI Investments May Not Be AI Companies
As model capabilities converge and commoditize, durable value migrates toward the scarce assets underneath: power, land, memory and the balance sheets able to fund them.
·12 min read
Research Library
Deep research on the forces shaping the next decade
Every piece studies a structural force before it becomes consensus. Filter by the three lenses through which we read change: capital, infrastructure and power.
4 articles
Infrastructure
Why Data Centers Are Becoming Strategic Assets
Data centers are no longer commodity real estate. They are becoming contested, capital-intensive infrastructure valued for their access to power and their role in national capability.
·9 min read
Power
The New Geography of Compute
Compute is concentrating in a handful of regions with power, capital and political will. That concentration is redrawing the map of economic and strategic advantage.
·11 min read
Capital
The Great Repricing of Intelligence
The marginal cost of applied intelligence is falling toward zero. That single change forces a repricing of labor, software and the assets whose value depended on cognition being scarce.
·10 min read
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