Tag: Capital Markets

All the articles with the tag "Capital Markets".

• Return on Intelligence, Part 8: The New Power Map

  Published: 16 May, 2026 |  at  08:00 PM

  The final part of a long-form essay series mapping the likely winners and losers after the AI bubble breaks and the mature AI economy begins.

• Return on Intelligence, Part 7: After the Crash

  Published: 16 May, 2026 |  at  07:45 PM

  The seventh part of a long-form essay series arguing that the AI crash, when it comes, will not be the end of AI, but the start of its mature economic phase.

• Return on Intelligence, Part 6: Breaking Point

  Published: 16 May, 2026 |  at  06:30 PM

  The sixth part of a long-form essay series. The market does not stop believing in AI. It starts doubting who owns it. The pressure map showing how multiple assumptions can weaken at the same time.

• Return on Intelligence, Part 4: SaaS Was a Compromise

  Published: 16 May, 2026 |  at  03:00 PM

  The fourth part of a long-form essay series arguing that SaaS is more vulnerable to AI than many people believe because SaaS won partly because custom software was too expensive. That compromise is now being repriced.

• Return on Intelligence, Part 3: Moats

  Published: 16 May, 2026 |  at  02:45 PM

  The third part of a long-form essay series arguing that intelligence alone is not the moat. Durable moats may be context, distribution, workflow, identity, permissions, governance, execution rights, data and systems of record.

• Return on Intelligence, Part 2: Prototypes

  Published: 16 May, 2026 |  at  01:30 PM

  The second part of a long-form essay series arguing that early AI companies and interfaces are prototypes of futures they may not own. A prototype can be directionally right and economically doomed.

• Return on Intelligence, Part 1: Echoes

  Published: 16 May, 2026 |  at  12:15 PM

  The first part of a long-form essay series arguing that the AI bubble will burst not because AI is fake, but because AI is real. This opening chapter uses lived experience from the dotcom bubble to explain why real paradigm shifts produce the most dangerous bubbles.

• Return on Intelligence: The Preface to an Eight-Part Series on the AI Bubble

  Published: 15 May, 2026 |  at  11:30 AM

  Preface to an eight-part essay series arguing that the AI bubble will burst not because AI is fake, but because AI is real enough to break the market's first ownership story.