AI Capex Wars

The $850 Billion Bet: What OpenAI’s Record Round Reveals About the AI Capex Endgame

OpenAI has the brand, $20 billion in revenue, and a funding machine unlike anything in private market history.

Feb 24 • Axel Tombereau

The $380 Billion Thesis: Why Anthropic’s Series G Rewrites the Rules of the Enterprise AI Race

How Anthropic may be already ahead where it counts: enterprise depth, workflow integration, and unit economics

Feb 19 • Axel Tombereau

Why Model Performance Is No Longer the Advantage You Think It Is

A deep-dive into why capital efficiency, not frontier spend, now determines AI LLMs winners

Dec 12, 2025 • Axel Tombereau

The New Moat: Why AI Giants Are Quietly Becoming Power Companies

An exclusive deep-dive into the energy paradigm shift reshaping the AI race

Nov 27, 2025 • Axel Tombereau

AI Capex Wars: The Value Paradox

AI’s capital boom is reshaping tech’s value chain—and testing its economic logic.

Nov 4, 2025 • Axel Tombereau

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