Mapping the Entire AI Ecosystem
Intelligence has always been scarce and always been valuable. It can now be manufactured. This report maps out exactly what it takes to produce one unit of it, and where, along that chain, value accrues.
Coverage · Thematic
Layers · Power to applications
Chokepoints ranked by how tightly they bind
Covers the securing of electrons and the construction of the asset that houses compute. It is presented in two sections: power, and land, shell and infrastructure. We treat them as one layer because no operator solves them separately, and because the industry's own term for the combined problem, LPS, describes it more accurately than any taxonomy we could impose.
Covers the silicon, memory, packaging and fabric that convert power into tokens.
Covers the models themselves, the labs that build them, and the geopolitics that now govern access to them, and where the economics of the layer sit.
Covers what the tokens are used for, including where that use destroys existing business models.
