AI has turned compute into constrained infrastructure making capacity certainty more valuable than capital efficiency and turning underinvestment into the dominant strategic risk.
This nails the strategic recalculation I wrote about last week: capital markets are mispricing big tech because they're applying linear models to exponential technologies. The shift from optimizing capital efficiency to prioritizing resource security is exactly what Microsoft's Amy Hood signaled when she admitted to rationing compute. Once AI agents cross the threshold of coherence, the $650B won't look like reckless spending: it'll look insufficient!!!
This nails the strategic recalculation I wrote about last week: capital markets are mispricing big tech because they're applying linear models to exponential technologies. The shift from optimizing capital efficiency to prioritizing resource security is exactly what Microsoft's Amy Hood signaled when she admitted to rationing compute. Once AI agents cross the threshold of coherence, the $650B won't look like reckless spending: it'll look insufficient!!!