16Week 16 · 2026
The AI buildout is colliding with hard physical limits — electricity, DRAM, and power infrastructure are already constrained, not theoretically at risk — while the software layer faces its own reckoning: legacy SaaS companies that failed to ship real agents in the last 18 months are entering a slow death spiral, and the enterprise market, not consumer, is emerging as two-thirds of the AI value game. Beneath both stories runs a single thread: the gap between what AI can do today and how institutions, markets, and individuals are actually prepared to use it is wider than almost anyone in the industry is willing to say out loud.
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