Google's TPU Supply Chain

Mapping the 15 vendors behind Google's $200B AI compute buildout

Jun 2 • Chris Zeoli

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May 2026

600 kW Per Rack: The AI Power Crisis Reshaping Electrical Infrastructure

In 24 months, AI server racks go from 120 kW to 600 kW. The electrical supply chain — transformers, power semiconductors, cooling systems, substations …

May 23 • Chris Zeoli

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The Memory Triopoly

How SK Hynix, Samsung, and Micron became AI's most concentrated control point — and why HBM is >50% COGs of every Nvidia GPU sold.

May 13 • Chris Zeoli

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The Chip Testing Bottleneck

Why AI accelerator test time has grown an order of magnitude — and how Advantest and Teradyne are turning a physics problem into a margin story.

May 8 • Chris Zeoli

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Why KV Cache and Memory Drive AI Economics

Behind the memory bottleneck in AI infrastructure

May 4 • Chris Zeoli

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April 2026

The Inference Unbundling: Why Prefill and Decode Are Splitting the GPU

Different physics, different silicon, different margins. Nvidia/Groq and Cerebras/AWS are the market pricing the split.

Apr 27 • Chris Zeoli

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The Next Verifiable RL Domain Is Security

The picks-and-shovels layer for AI cyber is the RL environment. Whoever industrializes it first wins the next decade of attacker-defender economics.

Apr 21 • Chris Zeoli

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March 2026

The Structural Bottlenecks in the AI Data Center Supply Chain

Compute supply is set by the whole system, not any single component—where bottlenecks in power, packaging, memory, and networking dictate who captures…

Mar 23 • Chris Zeoli

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Neoclouds and Why AI Compute Demand has Outgrown Hyperscaler Balance Sheets

Demand is compounding faster than any balance sheet — including trillion-dollar hyperscalers — can absorb

Mar 20 • Chris Zeoli

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Anthropic's Compute Advantage: Why Silicon Strategy is Becoming an AI Moat

Why Anthropic’s integration into hyperscaler silicon programs may give it a lasting advantage in the economics of frontier AI.

Mar 5 • Chris Zeoli

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February 2026

The Great AI Power Shortage

The Structural Energy Shortage Inside AI Data Centers driving an energy boom

Feb 27 • Chris Zeoli

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January 2026

RL Environments for Agentic AI: Who Will Win the Training & Verification Layer by 2030

Who Will Win the RL Environment Market—and Why

Jan 29 • Chris Zeoli

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