3 essays in this series, in reading order.
AI's capex cycle is entering the part that gets judged on economics, not press releases
AI's new unit of measurement: what one is, what 220 of them by 2030 actually means, and the gap between how often the word gets used and how rarely it gets explained
The latest moat in AI is power. And the fix for this isn't coming from any single capital or any single state.
