AI in the mirror

▤ Summary

This article argues that generative AI is shifting software economics toward a capital-intensive infrastructure model. It highlights how chips, data centers, power supply, cooling, and debt now shape AI scaling more than traditional SaaS metrics. The piece also connects the trend to IPOs, valuation pressure, regulation, and the growing importance of energy availability. For enterprise buyers, the key message is that AI vendor stability now depends on infrastructure, financing, and regulatory compliance as much as model quality.

▦ Linked Companies

Bloomberg Law

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