EP31: AI CapEx Is the New Deployment Test — Follow the Cash Flow
Drew and Reese use the AI infrastructure buildout as an education-first allocation case study: separate power, compute, workload, contract, and cash; distinguish reservations from utilization; run full-stack unit economics; and pre-write the evidence that would disconfirm the thesis. Four-step playbook: draw the physical chain; separate reservation from utilization; run the full-stack economics; and write the disconfirming evidence before the next update. Research anchor…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.