“Keep your face toward the sunshine and shadows will always fall behind you.” - Walt Whitman
It's the season of Dads and Grads! Will our graduates find that the 21st century will be defined by the recognition that the most powerful form of energy is the manipulation of information: compute?
The companies that control compute will be the most dominant businesses in history.
Energy has been the tail that wags every dog from the beginning of economies and yet the narrative in the equity markets now is that Big Oil has passed the reins to Big Tech. The majority of the most valuable firms in 1980 and 2024 were/are in energy and tech, respectively.
However, the construction of acres of data centers and the energy investments needed to power them reflect a deeper convergence. AI is accelerating Big Tech’s transformation from an industry that sells computers to an industry that sells compute, and in a knowledge economy, compute is energy.
Perhaps this is where we will see most of our graduates working in the near future?
Comments