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For most of my life, @exxonmobil was one of the top three most valuable companies in the world. Oil felt like the biggest industry on Earth. Then AI happened.The global market for compute is already bigger than oil in market cap terms. And here's the thing: oil is basically the same size every year. Corn is basically the same size every year. Neither one is on an exponential ramp. Compute is a fundamentally different commodity because demand for intelligence may be exponential. If our thesis on
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For most of my life, @exxonmobil was one of the top three most valuable companies in the world. Oil felt like the biggest industry on Earth. Then AI happened.The global market for compute is already bigger than oil in market cap terms. And here's the thing: oil is basically the same size every year. Corn is basically the same size every year. Neither one is on an exponential ramp. Compute is a fundamentally different commodity because demand for intelligence may be exponential. If our thesis on
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