The Index

Compute, power and the physical limits on the AI build-out.

• #084 — The Sovereign Compute Squeeze — How Energy Constraints Redrew AI Infrastructure in 72 Hours

Biomanufacturing capacity, precursors and the supply chains behind new therapies.

• #083 — Biomanufacturing Supply Chokepoints

Cloud, colocation and the unit economics of running software at scale.

• #082 — The Post-Cloud Unit Economics

Freight corridors, ports and the automation reshaping how goods move.

• #081 — Autonomous Freight Corridors

Critical infrastructure exposure: cables, satellites and contested networks.

• #080 — Baltic Subsea Telecommunications Audit
• #076 — Satellite Ground Station Exposure

Grids, water and heavy equipment: the slow-moving constraints on growth.

• #078 — The Transformer Shortage Nobody Priced In
• #074 — Water Stress and the Semiconductor Fab Map

Reserve managers, wealth funds and state-directed capital flows.

• #079 — Sovereign Reserve Reallocation
• #075 — Sovereign Funds Move Into Private Infrastructure Debt

Short decision frameworks for boards and principals.

• #077 — A Board Briefing on AI Capital Expenditure
• #073 — How to Read a Supply Chain Disclosure