Shows / The AI Supercycle
The AI Supercycle
The AI Supercycle Podcast from QF Markets provides independent capital intelligence for the AI industrial economy. From semiconductors, AI factories and data centres to power grids, energy markets, critical materials, orbital compute and embodied intelligence, we follow where capital is being deployed, where the binding constraints are emerging, and what it costs to build through them. Each weekly episode connects the latest developments to the multi-year forces behind the AI build-out, and…
Episodes
The AI SupercycleThe AI Cash Test: Who Passed and Who Didn’t
The AI Cash Test: Who Passed and Who Didn’t Microsoft Passes, Alphabet Stumbles, Meta Turns to the Capital Markets, and Memory Sells Out to 2029 Key points…
The AI SupercycleAI Financing Squeeze: Who Can Afford to Wait?
Episode 14: AI Financing Squeeze: Who Can Afford to Wait? Buy the Dip or a Temporary Relief Rally? Summary Chipmakers are reporting record demand, yet some AI…
The AI SupercycleAI Data Centres: The $30 Billion Price Tag
Episode 13: AI Data Centres: The $30 Billion Price Tag Why the Chips, Not the Building, Decide Whether the AI Build Pays Back Summary A one-gigawatt AI data…
The AI SupercycleThe Price of Speed: Who Pays for the AI Boom?
Episode 12: The Price of Speed: Who Pays for the AI Boom? Google Goes Nuclear, Bond Yields Hit the Exosphere and New York Asks for an AI Off Switch Summary…
The AI SupercycleThe Price of Building AI
Episode 11: The Price of Building AI Why Rising Borrowing Costs Are Splitting the AI Build-Out in Two Demand for AI looks strong. The cost of building the…
The AI SupercycleWho Checks the Machines?
Episode 10: Who Checks the Machines? Why Proving AI Is Safe May Be the Next Bottleneck AI’s leaders asked the industry to slow down. Markets wobbled, then…
The AI SupercyclePhysical AI: The Race for Embodied Intelligence
Episode 9: Physical AI: The Race for Embodied Intelligence The AI Supercycle has been built in data centres and financial models so far. In Episode 9, Tim…
The AI SupercycleThe Enterprise AI Payoff: From Tokenmaxxing to Value per Token
The Enterprise AI Payoff: From Tokenmaxxing to Value per Token The AI infrastructure build-out only matters if enterprises can turn compute into durable…
The AI SupercycleThe Nervous System of the AI Supercycle
Episode 7: The Nervous System of the AI Supercycle Capital Formation and the Race to Fund an $805 Billion Build-Out For six episodes, this show has tracked the…
The AI SupercyclePhotonic Interconnects: The Next Constraint
Episode 6: Photonic Interconnects – The Next AI Bottleneck For the past several years, the AI industry has been focused on one constraint: compute. More GPUs…
The AI SupercycleThe Orbital Compute Thesis
Episode 5: The Orbital Compute Thesis: Trading Terrestrial Constraints for Orbital Ones Space does not bypass constraints. It trades them. After three episodes…
The AI SupercycleThe Critical Materials Constraint
Over the past two episodes we've explored the first two binding constraints shaping the AI Industrial Economy: high-bandwidth memory and delivered power. This…
The AI SupercycleThe Power Constraint: When Demand Meets Reality
Episode 3: The Power Constraint: When Demand Meets Reality This week on The AI Supercycle, we move from high-bandwidth memory to the second major bottleneck…
The AI SupercycleThe Memory Constraint: Why HBM Has Become AI's New Oil
Episode 2: The Memory Constraint: Why HBM Has Become AI's New Oil Oil Semiconductor Bifurcation, Strategic Partnerships and the Fifth Binding Constraint This…
The AI SupercycleThe Physical Constraints Behind the AI Supercycle
Episode 1: The Physical Constraints Behind the AI Supercycle The AI supercycle is not a single technology trade. It is a multi-year capital allocation event…