In this follow-on to our AI Bubble note, we refine the forward-looking Return on Invested Capital (ROIC) framework introduced earlier. The scope is narrowed to the three core hyperscalers — Microsoft, ...

Gen X investors are watching the artificial intelligence boom reshape markets at the exact moment their own timelines are tightening. With retirement only a decade or so away, the stakes of getting ...

I see a strange tension at the heart of the AI boom: the more OpenAI grows, the more its chief executive Sam Altman sounds convinced that the industry is headed for a painful correction. From his ...