Blog

This is where we blog our thoughts on intelligence, markets, and technology.

Our thinking

Railways or South Sea? Yes.

The AI economy is two business models pretending to be one. Enterprise AI is building railways. Consumer AI is the fog of freemium. The answer to which template fits is: yes.

4 min read

Beyond intelligence

When machine reasoning is abundant, four things become scarce: judgment, trust, context, and orchestration. That's where the value lives.

4 min read

Free is not a price

Free isn't a price. It's a regime change. When a credible free alternative arrives, premium pricing doesn't erode gradually. It shatters.

5 min read

China Shock 2.0

AI is producing the same asymmetry as the China Shock. But the commodity being redistributed isn't manufacturing labour. It's intelligence itself.

4 min read

The AI rung gap

AI is repricing knowledge work on the same pattern as the power loom - but with a twist. The work being automated is the same work that trains the next generation of experts.

5 min read

Your AI has amnesia

The firms pulling ahead with AI aren't using better models. They're building better institutional memory.