🔮 The infinite-compute economy has already started

The cloud boom, the chip frenzy, the race to build ever-larger data centres – surely we are simply riding the hype cycle of GPTs and chatbots?

That view is far too small.

What is happening is a structural re-engineering of the economy. From an economy that uses computation to one that is built on computation. Global computing power has grown by roughly 11 orders of magnitude since 1972 – a 62% compound annual increase across five decades. Every technological leap, from mainframes, microprocessors, PCs to smartphones, produced more demand, not less. Now we are entering the next curve with AI. Agentic systems will run continuously, not just when a human types a prompt; we foresee a billion-agent future.

This may be a new economic fabric. And that, quietly, is the real story that I dissect in today’s episode.