Capex Is the New Moat
For a while, the dominant story about artificial intelligence was intellectual. Which lab had the best model, which cloud platform…
The Illusion of Agency: Why the $1B Manus-Meta Unwinding Is a Philosophical Wake-Up Call for Founders
The entrepreneurial dream is often sold as a meritocracy of effort: build something revolutionary, outwork the competition, and the market…
The Compute Trade Has Moved From Cloud Margins to Capital Structure
The AI boom has been discussed as a contest over models, then as a contest over chips, and then as…
Axis Robotics Secures $10M to Build the End-to-End Scaling Layer for Physical AI
The race to achieve artificial general intelligence has largely been confined to the digital realm, fueled by trillions of tokens…
How SCRT Labs and Intel Are Solving the Trust Problem in Confidential AI Inference
The confidential computing industry has spent the last decade solving a hard problem: protecting data while it is actively being…
Licensed but Not Delivered
The market loves binary stories about technology sanctions. Either the gate is open or it is shut. Either China is…
Packaging Is the New GPU: TSMC’s Roadmap Shows Where the AI Boom Actually Breaks
For most of the last two years, the AI investment story has been told in the language of models, chips,…
Crypto Investors Are Getting Into AI and Commodities — They Will Fail
If you spend any time on X lately, you have probably noticed a glaring shift. The crypto timeline, once a…
The AI Trade Meets CPI
The easiest way to misunderstand the latest wobble in chip stocks is to read it as the start of an…
Asia’s Memory Trade Is Setting the Price of the AI Boom
The market still talks about artificial intelligence as though the most important assets are the models, the apps, and the…
AI Is Becoming the Market’s Shock Absorber
For most of the modern market cycle, geopolitical stress and higher oil would be enough to put technology leadership on…