Transmission

Long-form analytical essays on systems, infrastructure, and economics.

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A lone operator before a wall of screens orchestrating clay figures reading newspapers.

Musk as a Service

Every position in the AI trade can be individually right. The trade in aggregate cannot.

27 min read

A clay golem standing in a server aisle, a prompt inscribed on its forehead.

The Golem in the Server Rack

The trillion-dollar bet on hyperscale GPU infrastructure is the wrong bet — and the alternative is one the same companies are already quietly building.

20 min read