Capital, Power, and AI

This week’s biggest message is simple: AI is no longer a software story. It’s a capital markets story, an energy story, and increasingly a supply chain story.Alphabet's $80 billion raiseAI capex becomes the moatThe real bottleneck is physicalPower risk moves to center stageWho benefits right nowCybersecurity gets pulled higherMicrosoft expands the stackMarket internals are getting less healthyBitcoin and speculative risk appetiteWhat to watch nextThis podcast was created with Podkey. Make your own at https://podkey.fm