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inference economics

Cerebras Is a Taxi. NVIDIA Runs the Bus Network (Pt1.)
Cerebras

Cerebras Is a Taxi. NVIDIA Runs the Bus Network (Pt1.)

Cerebras can generate tokens at extraordinary speed for a handful of users, but NVIDIA’s GPU architecture delivers superior economics at scale. This report explains why the fastest AI inference system does not necessarily make the best mass-market token factory — or the better investment.
14 min read 25 Aug 2026
Notes: AI Bubble? Spending, Risks, and Returns — A High-Level Assessment
AI Bubble
24 min read 14 Nov 2025

Notes: AI Bubble? Spending, Risks, and Returns — A High-Level Assessment

Summary * Hyperscalers’ AI capex is soaring past historical limits, forcing creative financing and intensifying scrutiny over ROI and long-term sustainability. * Despite fears of an AI bubble, utilization remains high, demand is outpacing capex, and efficiency breakthroughs from Chinese labs are lowering compute costs while expanding practical use cases. * The

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Convequity
Convequity

Independent equity research mapping the AI value chain.
Where the silicon meets the spreadsheet.

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