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A Throat to Choke
February 26, 2026More about SaaSmageddon via Paul Kedrosky. It's complicated and a throat is needed to choke. In the end, there will be SaaS winners in the AI era. And losers.
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From Strategy to Solvency: Revisiting the AI Factory Framework
February 25, 2026The AI Factory framework still explains how enterprises organize their AI infrastructure, but the economic assumptions underneath have shifted dramatically. What looked like a strategic bet in July 2025 now requires rethinking unit economics, allocation constraints, and what "infrastructure investment" actually means.
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Software Companies Aren't Just Selling Code
February 3, 2026The bear case against AI says commoditized code will destroy software margins. But that assumes buyers only want the code itself. What if they're actually buying something else entirely?
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The AI Factory Framework
July 9, 2025Traditional factories transform raw materials into products. AI factories transform raw data into intelligence at scale. Here's how enterprises organize their AI infrastructure and why data infrastructure is the highest ROI lever they control.