Join us for a deep dive into Artificial Intelligence, an "unprecedented" force accelerating faster than the internet, marked by surging user adoption and capital expenditures.

In this episode, we explore:

• Rapid Adoption & Investment: ChatGPT reached 800 million users in 17 months, dramatically outpacing internet adoption. Big Six US tech companies boosted CapEx by 63% to $212 billion for AI infrastructure. AI model training data and compute see explosive annual growth.

• Shifting AI Economics: Frontier AI model training remains costly (projected billions by 2025), but inference costs are plummeting 99.7%, driven by hardware efficiency (NVIDIA 105,000x more efficient). Despite robust AI revenue, general-purpose large language models (LLMs) face "commodity business" economics and high cash burn.

• Intense Competition & Geopolitics: AI model proliferation is surging (multimodal +1,150%). Open-source models are rapidly closing performance gaps at lower costs. The US-China AI "space race" is acute; China rapidly advances capabilities, with domestic models gaining relevance and local consumer platforms dominating.

• Transformative Impact: AI is embedded in physical agents: autonomous vehicles, defense, agriculture, and mining. In the workforce, AI drives cognitive automation; companies adopt "AI-first" strategies. Jobs are lost to AI-users, not AI itself. Future internet users will experience AI-native, conversational agents, often via satellite.

This episode highlights AI's profound reshaping of economic structures, global power dynamics, and the nature of human work.