Technological revolutions require immense spending and vast losses
The potential for a gestalt flip as investors notice the obvious
The massive chip deal between the two and its implications
AI lifts baseline performance in the same way better training ended .400 hitters in baseball
Powered data center shells only earn 85% margins in dreams
On Blackstone, a major data center financier, saying things are fine
Notes and links for context on upcoming pieces
Thinking through the financial drivers of the current data center buildout
Podcast discussion, plus upcoming pieces
The human fascination with conversation has led us AI astray
