Latest Posts

AI capex failure and AI replacing all software are mutually exclusive. Why the 2026 SaaSpocalypse is a $2 trillion pricing error, not an extinction event.

The enterprise AI agent stack is stratifying into six layers with different winners at each. Models commoditize; context — your organizational world model — compounds. A framework for agentic AI architecture decisions.

Apps overtook games in mobile IAP revenue for the first time in 2025, driven by $3.5B in GenAI growth. Analysis of Sensor Tower's State of Mobile 2026 report.

Variance drain is the hidden cost of volatility: why a portfolio averaging +10% can lose money. The ½σ² formula explains the gap between paper and real returns.

Claude Opus 4.6 brings a 1M token context window, 68.8% ARC-AGI-2, and Agent Teams to Claude Code. Full benchmark comparison vs GPT-5.2 and Gemini 3 Pro with pricing analysis.

a16z sees AI fundamentals thriving with 80% GPU utilization. AQR sees the CAPE at the 96th percentile. Both have data. Both may be right.

How hybrid recommender systems balance multi-armed bandits against LLM inference cost economics in 2026. A deep dive into Netflix recommendation algorithm architecture and Spotify's AI DJ recommender system.

AQR's 2026 data shows private equity returning 4.2% versus 3.9% for public equities. The 30bp illiquidity premium barely justifies years of lockup.

Britain faces strategic isolation: locked out of EU defense cooperation, unwilling to join Trump's coalition. The mid-Atlantic bridge has nowhere to land.

At Davos 2026, Carney told allies to take down the signs of the liberal order. Middle powers are learning to navigate between giants without illusions.