November 30, 2025 Edition This is a weekly free look of our premium Kedrosky Daily email. If you're not already a subscriber, sign up for a five-day
A piece I wrote for the WSJ, plus some assorted bubble / AI capex commentary
Census data shows early AI gains fading: large-firm adoption slowing, small-firms plateauing, and overall usage well below capex-driven expectations.
Pre-training scaling briefly created a false sense of deterministic returns to engineering
No reliable technical countermeasures exist, thus making prevention the only credible strategy. And on Nvidia going rogue.
AI-driven data center build-outs are accelerating, but investors have almost no credible exit path
November 23, 2025 Edition This is a weekly free look of our premium Kedrosky Daily email. If you're not already a subscriber, sign up for a five-day
Benchmark gains are tiny, tests are curated, real comparisons erase Gemini’s edge, and escalating training costs keep driving diminishing returns across models.
