Compute Stopped Being a Moat. It Is Becoming a Rental Market.

Meta is in talks to rent Anthropic up to $10 billion of capacity. SpaceX is shopping compute to the Pentagon. When your rivals will lease you the scarce thing, it was never the thing keeping you out. Here is what that repricing actually means.

The Frontier Is Getting Cheap. The Bottleneck Is Moving Into the Physical World.

A 2.8 trillion-parameter open-weight model just landed at roughly half the price of the frontier. Meanwhile the week's biggest deals were about cooling, factories and robots. That is not a coincidence, and it tells you where the next scarce thing is.

Everyone Is Watching China. Singapore and India Are in Just as Many AI Deals.

We counted every AI deal we tracked in 2026. China shows up in 38 of them. Singapore is in 37, India in 33. The US-versus-China frame is hiding where Asian AI money actually moves, and one of those numbers comes with an asterisk worth understanding.