◆ TOPIC · AI CAPITAL

The AI Capital thread.

AI Capital tracks the money, infrastructure, and market structure underwriting the AI buildout — the $600B+ combined capex from Alphabet, Meta, Microsoft, and Amazon, inverted unit economics as DeepSeek and Kimi undercut GPT-5.5 pricing by orders of magnitude, and the silicon diversification away from NVIDIA toward Graviton5 and Huawei Ascend. Earnings verdicts on Copilot monetization, agent infrastructure spend, and open-weight competitive pressure define the investable thesis.

262 briefings · across 6 personas

◆ START HERE · LONG-FORM

◆ TIMELINE

How AI Capital moved across the corpus.

First surfaced 2026-02-17, most recent 2026-04-27, across 70 days.

◆ RECENT · LATEST 60

Skim the most recent entries.

Older entries (202 more) are linked chronologically in the timeline above.