Covering artificial intelligence and how it is creating the next generation of wealth opportunities.
[image of S&P 500 capex and S&P 500 capex yoy% growth] For years, investors obsessed over buybacks and dividends. Now a different line on the cash‑flow statement is stealing the spotlight: capital expenditure. AI is turning S&P 500 capex into a full‑blown super‑cycle. Big Tech is leading the charge. Estimates suggest that the largest AI and…
The period from 2025 to 2030 is often described as a turning point in the global economy, largely because of rapid advances in artificial intelligence. Many tasks that rely on pattern recognition, data processing, and standardized decision-making are increasingly automated. This has raised a difficult question: what happens to human work and income when machines…
The MOVE index is often described as the “VIX for bonds” because it tracks implied volatility in U.S. Treasury options across key maturities. After violent swings during rapid rate hikes and banking stresses, it has moved lower over the past one to two years as inflation cooled and the policy path became clearer, reducing the…
In the AI era, technical skills like coding and design still matter, but they are no longer the real bottleneck. AI can already generate code, draft designs, summarize research, and present you with multiple plans and options. The constraint is shifting from “Can I come up with ideas?” to “Can I choose, act, and then…
A Graphics Processing Unit (GPU) is a special computer chip whose main job is to draw pictures and video on your screen very quickly. You can think of it as a helper for the main processor (the CPU) that is very good at doing lots of tiny math steps at the same time, which is…
Groq is an AI‑chip company founded in 2016 by Jonathan Ross, the engineer who started Google’s Tensor Processing Unit (TPU) project as a 20% side project before it became core to Google’s AI stack. After leading early TPU development and working in the Google X “moonshot” group, Ross left to design a chip company around…
In December 2025, Nvidia committed about $20 billion to license Groq’s AI inference technology and hire its top executives. This is effectively the largest deal in Nvidia’s history. Instead of buying the whole company, Nvidia is acquiring Groq’s physical assets and intellectual property, while Groq keeps running its own independent cloud business. Nvidia structured the deal as…