Dark Fiber vs. Dark GPUs and AI Capex

We're back! With a lot happening in the last (checks notes) 22 months (!), but also not a lot changing, Akram's Razor and Daniel wade back into the market to talk about what's happening with Artificial Intelligence and everything around it. Specifically, we try to understand whether the cap-ex side of this trade is getting long in the tooth, and what the fundamental tensions are between different AI narratives. We go from bull to bear, tech utopia to jobsapocalypse, and lots of places in between. And we left more to talk about next time, so stay tuned.

You can find Akram Razor's newsletter at https://the-razors-edge.ghost.io/, and Akram on twitter at https://x.com/akramsrazor. You can find Daniel's RIA firm at https://middlecoastinvesting.com/.