History doesn’t repeat, but it sure rhymes 🔁

Even the frontier labs underestimated their own demand.

The AI buildout needs more capital than backstops can cover.

The fastest finish is not always the most efficient one.

Ep. 037 - Who's Funding the $11 Trillion AI Buildout? (Capital Markets)

"It's like a zombie apocalypse, but you don't know how many waves of zombies are coming."

Open-source models are already taking the easier tasks. The bull case for frontier labs rests on one

A $200 AI subscription can be worth $12,000 in tokens. Which plan delivers it is not close.

Ep. 036 - Anthropic Subscriptions Beat OpenAI 5x, Depending on Your Workload (Tokenomics)

What four weeks of SemiAnalysis consulting can do to a company

Ep. 035 - Tech DD’s, Performance Projections, Supply Chain, Investment Thesis (Consulting)

Are GPUs money printers?