Latest articles

Not every organisation running AI initiatives is building competitive advantage. Some are building it for their vendors.

Infrastructure funds are pricing AI-native operators as utilities. The valuation framework is wrong — and the window to correct it is open.

Governments are allocating capital for AI-native infrastructure using frameworks designed for assets that depreciate. They are not the same.

Europe’s AI debate is systematically misframed. The question is not regulation or adoption — it is infrastructure and sovereignty.

European infrastructure operators are valued as yield vehicles on depreciating assets. The correct framework says otherwise.

Why speed has replaced scale as the decisive competitive variable — and what your board is not yet asking.