Intelligence gets cheaper.
What do you own?
AI changes more than the price of work. We study the structure of production, who captures the gains, and where capital moves next. Our judgments sit alongside a public investment record.
If everyone can rent the same intelligence, the difference may lie in who owns what that intelligence depends on.
- 01Capital
Acquire productive capacity.
- 02Compute
Execute cognitive work.
- 03Intelligence
Build products and experiments.
- 04Physical output
Pass verification and execution.
- 05Revenue
Fund the next cycle.
Demand is not a contract.
AI needs electricity. Capital still needs a paying customer. Separate expressed demand, paid investigation and a commitment to absorb the cost of failure.
Read the analysis & primary sourcesThree essays. One question.
The starting points of Extreme Capitalism.
Edited from Kamui’s original writing on X.
When cognitive work becomes capital.
2026.09.09What changes when an output no longer requires a fresh human hour every time? The boundary between selling time and owning production starts to move.
02Buying an answer. Owning the system.
2026.09.11A firm can become more productive and remain dependent on an AI provider and a marketplace. Creating value and capturing it are different questions.
03The next bottleneck is beyond the screen.
2026.09.22Intelligence consumes power. Experiments consume materials. Output comes from factories. Cheap cognition may increase the value of physical execution.
What stays scarce beside what gets cheap.
A bottleneck starts an investigation. Price, supply and counterevidence still matter.
Open intelligence. Finite compute.
Reading open weights and securing enough GPU time are different forms of access. Follow ownership and supply of chips, cloud capacity and capital expenditure.
Faster intelligence still waits for the grid.
Generating power and delivering it where needed are different capacities. Inspect grid connections, sites and expansion speed alongside generation.
A better answer still needs a customer.
A producer can rent AI and then pay a second platform to reach buyers. Direct relationships, control of distribution and fees shape who captures the gain.
Faster discovery. Production still has to work.
After intelligence finds a design, experiments, yield, reliability and logistics remain. Evaluate ownership of labs and machinery alongside the ability to turn ideas into output.
From a way of thinking
to an allocation of capital.
30-day lock-up · 10% profit share. Leveraged derivatives can lose all principal. Past performance does not guarantee future returns.