An independent AI-era intelligence desk
Human & Machine: Abuse the Compute
The machine is the constant. The people are the variable — and the cause. On the numbers we bring the meter and no verdict; on the harm we have a point of view. Not "AI took your job" — an executive did, and here's the receipt.
Bubble Index49.4Moderate
Divergence D(t)+4.06σ
Recycling15.5×
Readinglive
The Board
Live from the engine · as of —
Where the numbers stand
Bubble Index49.4Moderate0–100 composite of six stresses
Hyperscaler capex$725B+77% YoY — the spend
Recycling ratio15.5×committed compute ÷ funded cash
Layoffs tagged158,26375% attributed to AI
Datacenter draw413 TWhand the grid feels it
The gap between the story and the filings is wide and widening. We report the gap — we don’t call the crash.
All twelve signals →The Flagship
The living document
Living · live figures from the engine · static exhibits stamped & dated
The Catcher in the AI
A structural proof of the bubble
152 pages, 56 figures, 52 dossiers — the whole argument, every number sourced to filings and recomputed on each build. Where the market's story and the ground-truth diverge, and by how much.
- Capability
- Energy
- Revenue
- Adoption
- Labor
- Power
Tech Stack
The eight layers
01PrinciplesHow AI actually works, from scratch
02HardwareThe chips and the silicon underneath
03InfrastructureData centers, power, the physical plant
04FoundationPretraining, alignment, quantization
05ModelsLLMs, embeddings, multimodal
06OrchestrationRAG, agents, memory, tools
07ApplicationWhat ships on top
08PlaybookHow to actually build with it