The story of a week Last week the market movements were strongly bookended and characterised by a melt-up on Monday followed by a sharp fall on Friday. Regardless of the precise trigger on Friday, it is worth highlighting a couple of important developments given they tell a more important story than either day in isolation. […]
Last week, all the AI hyperscalers reported their earnings on the same day and each presented the same underlying tone – one of scarcity. Sundar Pichai, Alphabet’s CEO, said, “We are compute constrained in the near term,” and Amazon noted that capacity is being monetised as fast as it can be installed. Microsoft expects to
The Architecture of Scarcity Read More »
Earlier this month, Nvidia CEO Jensen Huang walked onto a stage in San Jose and declared that every enterprise CEO on earth now needs an OpenClaw (an open-source AI agent) strategy. Not just a considered response to it. Not a plan to evaluate it. A strategy. Already. He compared it to the moment every company
The Front Door is Open: The Black Swan on the Beach, and the Storm to Come Read More »
There is a particular kind of confidence that accumulates around an industry in its prime; a collective belief that what has worked will continue to work and that the mechanisms underpinning the success are not merely functional but structural. This has been the foundational investment view of software-as-a-service, or SaaS, where the moat could not
SAAS: THE ARCHITECTURE OF IMPERMANENCEAND THE END OF THE EASY-GROWTH ERA Read More »
“Skate to where the puck is going, not where it has been” – Walter Gretzky (Wayne’s dad) Ennui is the word that best describes the end of 2025. It was a trudge to the finish line as investors, weary of the ongoing bubble talk and high valuations, shunned AI developments. The ‘oh wow’ moments had
Investment, infrastructure, inference, and big money players:The direction of ai in 2026 Read More »
The recent turmoil across global financial markets, marked by abrupt trading reversals and amplifying doubt, poses a critical question for investors: are we witnessing the unwinding of the exuberant artificial intelligence (AI) trade, or is it another episode in the cycle of market psychology? The answer is as elusive as it is consequential. Navigating a
Coding and decoding: how every piece of ai news is fuellinga global guessing game Read More »
It is no secret that the rapid advancement of artificial intelligence is transforming the world in which we live and how we create. It is giving us tools that allow us to explore new skills. Coding is no longer the realm of a select few; mundane or routine tasks can be efficiently executed, and complex
The AI-Driven electricity surge and the challenges it presents Read More »
Mad Men (2025 Version): How AI is Remaking and Remonetising Ads, and Who’s Leading the Race MAD MEN (2025 VERSION):HOW AI IS REMAKING AND REMONETISING ADS,AND WHO’S LEADING THE RACE Mad Men (2025 Version): How AI is Remaking and Remonetising Ads, and Who’s Leading the Race NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive
How AI is remaking and remonetising ads, and who’s leading the race Read More »
NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI A Deep Dive into its Unassailable Position in AI by Tim Chesterfield, Chief Investment Officer, PG Investments For the past year, the market has been
NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI Read More »
Last month, in a case brought by the Department of Justice (DOJ), Judge Amit Mehta of the US District Court ruled that Google’s anti-competitive behaviour – of defending its monopoly in what we call ‘search’ through exclusive payments to companies that can channel people to search and specifically Google search – is illegal. This ruling
Competitive Search: How the Google ruling might change the tech landscape Read More »
