GVI: The Great Capital Reckoning

The AI Supercycle is not running out of intelligence. It is approaching a reckoning over who can finance its expansion, who can capture its returns, and who will bear the cost of capital misallocation.

The next Great Split will separate cash-generative leaders from debt-dependent challengers, productive infrastructure from speculative capacity, and capital compounders from capital consumers.

The age of AI abundance is arriving. The age of financial reckoning has begun.