Topic · ai-infrastructure

AI Infrastructure

Data centers, power, and the physical substrate of AI compute.

2 stories

Industrial high-voltage power transmission infrastructure at dusk, evoking the energy demand of AI data centres.

Power, not chips, has become the binding constraint on AI deployment

Hyperscale operators are signing nuclear power-purchase agreements, restarting decommissioned plants, and queueing for grid interconnection in slots measured in years.

Apr 17, 2026·2 min read

Macro photograph of a silicon wafer representing leading-edge semiconductor manufacturing concentration.

Tech

Semiconductor capex consolidation is creating systemic concentration risk

Three companies now account for substantially all leading-edge logic capacity. The geopolitical and operational implications are larger than the headline numbers suggest.

Apr 15, 2026·2 min read