R.001 · AI Infrastructure · Tier 1
Where the margin actually sits in AI compute.
Hyperscaler capex peaked. Inference economics shifted. We mapped who survives the next 18 months and who's refinancing their datacenter.
Research · Vol. III · 04.2026
Institutional-grade alpha reports
on emerging technology sectors.
01 — Featured
The latest report. Apr 2026.
02 — Archive
The archive, indexed. No churn-piece research.
- R.001AI InfrastructureWhere the margin actually sits in AI compute.
Hyperscaler capex peaked. Inference economics shifted. We mapped who survives the next 18 months and who's refinancing their datacenter.
- R.002Vertical SaaSSpreadsheet replacement as an investment thesis.
$280B of TAM still runs on Excel. We profiled 14 industries where vertical SaaS compounds at 90%+ NRR — and the 3 where it doesn't.
- R.003RoboticsWarehouses, not humanoids.
The investable robotics story is mixed-fleet logistics, not Atlas demos. Our thesis on what actually makes money.
- R.004Defense TechSoftware-defined defense after the AUKUS budget.
Anduril, Shield, Palantir — the new triad. Procurement velocity, contract structure, and where the 10x price-performance pockets are still un-traded.
- R.005QuantumQuantum advantage in chemistry, not crypto.
Why the first commercial quantum revenue lands in materials and pharma — and the three companies positioned to convert from grant-funded research into recurring license revenue by 2028.
- R.006Bio × AIThe foundation-model play in molecular biology.
AlphaFold-class models hit a data wall. The next compounder is wet-lab + sequencing combined data flywheels. Six private companies and one public moat we're long.
- R.007EnergyPower-purchase agreements are the new compute moat.
AI buildouts tied $98B of capex to long-dated PPAs. We map the merchant generators, the transmission bottlenecks, and which utility plays got mispriced as 'boring infra.'
- R.008FintechStablecoins as plumbing, not asset.
The volume migrated from speculation to settlement. We profile the issuers, the on-ramps, and the corporate treasuries quietly running on USDC payment rails.
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