- Essays··8 min read
three acts, one substation: Brussels just promised to triple Europe's datacentres
Brussels promised to triple Europe's datacentres in five-to-seven years. The tripling target is not a capacity problem dressed as a policy problem — it's a power problem dressed as a permitting problem, and the substation queue will decide whether any of it ships.
eu-tech-sovereigntydatacentre-capacitygrid-powerai-infrastructureRead - Essays··7 min read
Brussels wants to triple data centre capacity and asked you to switch off the dishwasher — on the same afternoon
Brussels filed two plans on the same afternoon that quietly cancel each other out: triple the data centres, and please switch off the dishwasher. It's a demand-management answer to a supply problem, dressed as industrial strategy.
data-centreseu-policygrid-capacityai-infrastructureRead - Essays··7 min read
Hedge Funds Are AI'maxxing — and the Exit Door Is Getting Narrower
1,059 hedge funds have made a record, leveraged, one-directional bet on AI semiconductors. The underlying thesis is probably correct. But 'probably correct thesis' and 'good risk-adjusted trade at current positioning' are not the same sentence.
hedge-fund-crowdingai-infrastructuresemiconductor-concentrationleverage-riskRead