Artificial Intelligence (AI) has become an indispensable part of our lives, driving advancements in various fields such as healthcare, finance, and transportation. At the heart of this technological revolution lie AI chips, which are the engines powering AI systems. As
Artificial intelligence does not end with a model generating text, an application automating a workflow, or a software platform improving productivity. The final test is whether intelligence can reliably operate in the physical world. This is the subject of the
AI investing is often described through the companies that build models, chips, or data centers. Those layers matter, but they are not the end market. The economic payoff appears when AI is embedded in the software, workflows, and products that
Artificial intelligence is not a single product category. It is a layered economic system in which each layer depends on the infrastructure beneath it. As outlined in the anchor post for this eight-part series, the chain progresses from physical resources
Technology may unintentionally bring us back toward a very old model of capitalism: the owner-operated business. For much of the twentieth century, economic scale often required managerial scale. Businesses became enormous organizations because coordinating thousands of people was necessary to
The infrastructure supporting advanced AI is becoming extraordinarily expensive. Data centers require enormous amounts of electricity, land, semiconductors, cooling systems, networking equipment, and capital. That creates a potential problem. AI may give small teams unprecedented intellectual leverage while simultaneously requiring
The “Big Beautiful Bill” (OBBBA) made significant changes to how families can use 529 plan funds. These updates broaden what counts as a “qualified education expense,” giving families and professionals more flexibility in how they use these savings. Expanded K–12
Kevin and I have been spending a lot of time lately talking about AI, robotics, and the surge of investment chasing both. We’re fascinated by the big, headline-grabbing breakthroughs — self-driving cars, warehouse automation, generative AI — but just as
The evolving global economic landscape is increasingly being shaped by bilateral and multilateral trade negotiations that unfold on a case-by-case basis. Rather than adhering to broad, standardized frameworks, the U.S. is engaging with its top trading partners through individualized agreements,
