How Large is the AI Circle?

First Principle

Every major build-out has two phases per Carlota Perez: infrastructure, then the applications that pay for it. The telecom internet build-out ran capex twelve times ahead of application revenue at the 2000 peak, & took seven years to get application revenue above 10% of capex, & ten to reach 48%. AI…

From the original

Every major build-out has two phases per Carlota Perez: infrastructure, then the applications that pay for it. The telecom internet build-out ran capex twelve times ahead of application revenue at the 2000 peak, & took seven years to get application revenue above 10% of capex, & ten to reach 48%. AI…