We have tracked ‘RAMageddon’, the AI-driven global memory crunch, since it turned existential for the smaller tech players, and through yesterday’s demand-side look at compute prices. Today the story arrives where every scarce commodity story...

The last few months this year has seen a spate of new LLM AI models from companies around the world announcing their latest and greatest new versions with benchmarks that equal and sometimes exceed the current LLM AI leader: OpenAI’s GPT-4 Turbo. That...

The mega-AI IPO parade has long had a marching order this AI Tech Wave. Elon’s SpaceX/xAI went first earlier this year, blew past two trillion dollars in early trading, and then reminded everyone what the trip from private to public feels like when the...

The Bigger Picture, Sunday, August 9, 2026 We have argued for a while now that this AI Tech Wave has a unit of account besides compute tokens: Gigawatts. Power and mostly Nvidia Compute, at a current going rate of $50+ billion per Gigawatt of Power. For...

Yesterday’s Bigger Picture, part 1 of this pair, was the supply side of the compute trade: the ‘Gigawatt Gold Rush’, and who actually pays Elon’s prices for AI compute. Today, part 2, the demand side: the bull case that compute prices go UP from here, way...

As mentioned last week, Google’s AI bench is being re-constituted fast post recent top-level changes. Last week it was three senior changes on the same day: DeepMind Founder/CEO Demis Hassabis stepping up to chairman and chief scientist. Google...

The Bigger Picture, Sunday June 8, 2024 As I’ve discussed at length at this early stage of the AI Tech Wave, companies racing to scale AI products and services have a unique challenge vs previous tech waves. Addressing users’ ubiquitous lack of Trust that...

Nvidia keeps writing checks that grow with its global AI Infrastructure market share. And this AI Tech Wave keeps running on them. Bloomberg reports a fresh round of Nvidia AI deals worth more than $750 billion, and the word that follows many of...

Today’s theme is ‘For Better or for Worse’. The vow phrase, and it always applies to our AI companies, because the biggest moves they make are commitments: made up front, with the outcomes only knowable later. Especially at today’s pace of this AI Tech...

Today’s theme is one of my favorite songs. ‘Que Sera, Sera. Whatever will be, will be’. It is from The Man Who Knew Too Much, the Hitchcock movie, and it won the Oscar in 1956. Doris Day, Jimmy Stewart. A terrific movie, recommended. And it applies to...