Every piece where AI is the variable that does the work.
Four companies plan roughly $725 billion of AI infrastructure spending in 2026, up 77% in a year. The largest pure AI vendor books tens of billions and loses money doing it. The ratio between those numbers is the most consequential open variable in markets, and this page will track it.
Sep 20, 2026 · 8 min read
The IEA counts 415 TWh of data-centre demand in 2024, doubling to 945 TWh by 2030. The global average is modest; the local concentrations are not. What the gap between those two numbers does to grids, prices, and the places that said yes early.
Aug 15, 2026 · 8 min read
A GPT-3-class answer cost $60 per million tokens in 2021 and six cents by late 2024. Meanwhile the price of training a frontier model grows 2.4x a year, toward billion-dollar runs. One industry, two curves, running in opposite directions, and every business model in AI lives in the gap.
Aug 15, 2026 · 8 min read