Hi, I’m Azeem Azhar. I convene Exponential View to help us understand how our societies and political economy will change under the force of rapidly accelerating technologies.

Dept of big things

Investing in the transition

Global investment in the energy transition exceeded $755bn last year, according to BNEF. This represents a 27% increase on the previous year. This is still short of the $1.7 trillion investment for 2022 that BNEF’s key scenarios call for. Source: BloombergNEF

Bitcoin hash rates

Despite the current decline in price (as seen on the logarithmic scale on the right-hand axis), the bitcoin network hashrate is now roughly 20% above its 2021 high. The hashrate measures the aggregate computational power of the computers connected to the network. Source: Glassnode via Dylan LeClair