Shows / The Commanding Heights
The Commanding Heights
Technological revolutions are almost never born where they ultimately create wealth. Gutenberg went insolvent, and the great railroad fortunes were captured by men who never built a locomotive. New frontier models become commodities within months, so the most lasting wealth will accrue to those positions that intelligence must pass through to reach its utility. We call these the Commanding Heights. By Will Manidis and Joe Roberts. Read by an AI voice. The essay, with its notes and charts, is at…
Episodes
- The Commanding Heights
Closing
Out from the garden, never to return. Read by an AI voice. Read it, with its notes and charts: https://commanding-heights.com/closing/
- The Commanding Heights
Part VIII: Alpha and Omega
Investors will find false security in owning the last era’s Commanding Heights and financing this era’s inventions, because both miss what comes next. Even…
- The Commanding Heights
Part VII: The Firm
Economic activity is organized around firms, their shape evolving with each technological revolution. The originary owner-operator, the manager-employee, and…
- The Commanding Heights
Part VI: The Commanding Heights
The Commanding Heights are scarce, controllable positions of economic power whose holders durably capture the gains of increasingly capable and diffused…
- The Commanding Heights
Part V: The World to Come
The diffusion of intelligence has begun in the rich world’s back office, turning work meant to develop poor countries into margins booked in New York…
- The Commanding Heights
Part IV: Superscription
America’s greatest power in the age of intelligence will be the Dollar. Abundant models will manufacture near-unlimited demand for a newly global, stablecoin…
- The Commanding Heights
Part III: Principalities and Powers
America and China will become the only countries capable of sovereign expression because only they can continually develop frontier models. Intelligence will…
- The Commanding Heights
Part II: The Line
The American future depends on AI spending, stock prices, and model capability rising together as one line: the common exposure beneath growth, household…
- The Commanding Heights
Part I: Genesis
The Genesis of intelligence is composed of the industry that makes and serves models, and it will keep spending on itself even as returns fall. Rational…
- The Commanding Heights
Overture
Technological revolutions are almost never born where they ultimately create wealth. Gutenberg went insolvent, and the great railroad fortunes were captured by…
- The Commanding Heights
Ravi
Abundant machine intelligence diffuses into Bangalore. Read by an AI voice. Read it, with its notes and charts: https://commanding-heights.com/ravi/