What Happened Will anyone ultimately use AI as intensively as software developers do? That matters because coding is already a huge share of AI usage and revenue: roughly 80% of
1. AI has a grassroots problem. Silicon Valley has spent years getting good at talking "upward" to investors and policymakers. But, with AI, tech is becoming intensely local.
A quick heads-up that you can find a few new interviews with me this week, including in the current Grant's (subscribers only) on data center debt, as
There are three parts to this note about the AI-related memory supercycle. It starts with what happened/changed this week, moves on to what it means, and then analyzes
What Happened Three things are changing at once in the AI data center outlook (ignoring the quickly changing data center engineering dynamics and its implications for memory, which I will
Two rules have shaped U,S. electricity planning for a century. 1. Power flows in a known direction. 2. When something fails, it is the supply side that fails. AI
If something cannot go on forever, it will stop. - Herb Stein, Senior Fellow. American Enterprise Institute What Happened * TrendForce says memory's share of CSP (cloud service provider) spending
Here are six chart-driven ideas to think about this weekend: 1. New data shows AI has made hedge funds the most crowded in history 2. Less-educated young men
After the madmess of Musk a few weeks on The Economist's showcase podcast, thinker/writer Yuval Noah Harari is on for the hour this week. The following is
What Happened * Private equity has increasingly taken control of life insurers, turning insurance premiums into permanent capital for private credit. * The asset manager can originate loans, collect fees and direct
What Happened * Etched, an AI-chip startup founded by three 24-year-old Harvard dropouts, has begun shipping its first chips. * The company has more than $1 billion in orders
