ai-bubble
The Infrastructure Is the Argument
$340 billion a year. That’s the annualized pace of US large-computer imports as of March 2026, a figure that arrived quietly in a trade data release and didn’t get nearly the headline it deserved. Not because it’s boring — because it’s almost too clarifying. The AI boom isn’t primarily a software story. It never was.…
The Machine That Can Pay Its Own Bills
Ray Dalio writes about the Dutch East India Company the way you’d write about a species discovering fire. “The Dutch created the world’s first mega-corporation,” he notes in Principles for Dealing With the Changing World Order, one that “accounted for about one-half of all world trade.” What made it possible wasn’t the ships. It was…
When the Agent Gets a Wallet
Brian Armstrong posted something quietly significant last week. Google’s new Agentic Payments Protocol — AP2 — runs on x402, a stablecoin rail Coinbase helped build. The headline was a celebration. What it actually announced was something more structural: an AI agent can now hold funds, initiate payments, and settle transactions with another agent, without a…
The Other AI War Nobody Is Covering
The Palantir CTO and Databricks CEO are both saying the same thing: the bottleneck in AI has moved past the model. What that means for the Karpathy story.
The Talent Doesn’t Lie
Andrej Karpathy built the neural network that taught Tesla’s cars to see the road. Then he went to OpenAI and helped build the infrastructure that most of the industry still runs on today. Now he’s at Anthropic. Follow the person, not the press release — because when someone with that kind of track record moves,…
The Picks, the Shovels, and the Mine
Anthropic bought the dev tools startup that OpenAI, Google, and Cloudflare were already paying for. Read that sentence again. The company selling you the model now owns the workbench you use to build with everyone else’s model too. That’s not vertical integration in the gentle sense — it’s a frontier lab quietly making rent on…