This is absolutely brilliant, by legendary Australian investor John Hempton, who explains the core financial paradox at the heart of the AI story (and which also, to some extent, may explain the Jensen Huang story).
The numbers say that about $7 trillion in AI compute is set to…
I was admitted to a six bed room. Since family members are allowed to stay with patients in this ward, there are nearly 12 people in the room altogether. It’s busy and noisy all day, with people talking, so I’ve been having a hard time getting proper rest.
🤣
I asked if I could…