The bond market doesn't believe in AGI - by Dave Friedman
If superintelligence were imminent, interest rates would be much higher| davefriedman.substack.com
If superintelligence were imminent, interest rates would be much higher| davefriedman.substack.com
What do finance bros in Chicago and New York have to do with the future of AI compute?| davefriedman.substack.com
How cheaper inference expands demand and drives both local and hyperscale growth| davefriedman.substack.com
U.S. policy and derivatives trading expertise are converging to financialize GPU compute| davefriedman.substack.com
The future of inference is bifurcation: cheap edge hustle at one pole, sovereign-scale sanctuaries at the other| davefriedman.substack.com
Where inference occurs in the future will tell us a lot about whether GPU futures make sense| davefriedman.substack.com
Reconciling the case for GPU futures with the centrifugal pull of edge inference| davefriedman.substack.com
Why 2026 probably brings digestion and remix, not collapse, and what that means for data center buildouts| davefriedman.substack.com
A lot of people don't understand what elite management consultancies actually do| davefriedman.substack.com
ERCOT’s latest risk models show power no longer follows weather or gas. It follows GPUs. Until the grid starts pushing back.| davefriedman.substack.com
