2026.07.24
Decomposing the Value of Artificial Intelligence – What It Takes to Justify the Amount of Capex in AI
► The Real Ceiling on AI Deployment Is Social, Not Technical
► AI is an unstoppable technology trend that operates independently of capital market cycles
► Alpha Does Not Disappear –It Relocates From the Model Itself to the Human Who Orchestrates It
2026.07.28
Financials Catching Up
Consensus forecasts call for combined capex ofUS$637bn across the four major hyperscalers, with another upward revision likely. If earnings confirm stronger cloud growth and improving order visibility...