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Four AI & economics takeaway figures from yesterday's midterm political festivities in the U.S. 1. Data center antipathy ranks among the top four areas of bipartisan agreement
Like many historical capex paroxysms, the data center boom can be modeled as a hybridized public-private stimulus program. Hyperscalers supplied the capital. Governments supplied much of the economic and
Nine things that have caught our attention this week. 1. China's Beats the AI Bust Rush 2. Productivity for Some 3. Attack vs. Defence 4. Who Are You,
Anthropic’s release earlier this week of an S-1 for its planned IPO has become a Rorschach test—bulls and bears project onto it their hopes, dreams, and fears—
5.2% of all critical software vulnerabilities ever reported were disclosed just this month
A new interactive tool for testing the revenue required to justify AI infrastructure spending.
Various thesis-bending topics that we have been thinking about; the most important one first. And thanks for the overwhelming number of notes on last week's appearance on
I was a guest earlier this week on the Ezra Klein show, discussing the current AI moment. As ever, I was focused on the underlying financial and funding architecture, the
The following Friday roundup describes an increasingly narrow system: capital and confidence are concentrating around AI and its infrastructure, while strain builds ... everywhere, from public markets, to sovereign debt, to
What Happened The IPO market has abruptly slowed, with a growing list of companies postponing or abandoning planned public offerings. Here is just a partial list: Holtec, Oura, SB Energy,
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