Topics: Quarterly and Annual Letters• Q1 2026 Performance Update: Roughing It in the AI Age Welcome to Interconnected Capital’s Q1 2026 performance update letter. To new and old readers alike, a friendly reminder: I run a global technology long-only fund focused on investing in both the hardware and software “picks and shovels” of the interconnected global digital AI
Topics: Data Center• AI• Tracking the Bipartisan Punching Bag: AI Data Centers A key risk to the AI infrastructure buildout I identified in my annual letter was a country-wide, bipartisan pushback against all the constructions. It is one of those risks, like any risk, that you don’t want to be right on, but as a
Topics: Open Source• Chinese Open Source: A Definitive History Open source used to be a niche topic. China tech also used to be a niche topic. Thanks to AI, the combined topic of “Chinese open source technology” is the topic du jour. It is the story that everyone is trying to understand and
Topics: AI• Does AI Have a Zero-Sum Problem? If you follow AI news, or general tech and business news, your timeline and inbox may likely be flooded soon with one image – a photo of Sam Altman and Dario Amodei refusing to hold hands on stage at the India AI Impact Summit in
Topics: Quarterly and Annual Letters• 2025 Annual Letter: Technology is the Cake, Geopolitics is the Icing Welcome to Interconnected Capital’s 2025 annual letter. To new and old readers alike, a friendly reminder: I run a global technology long-only fund focused on investing in both the hardware and software “picks and shovels” of the interconnected global digital AI economy. I
Topics: DeepSeek• “DeepSeek Moment” Anniversary in a Nashville Snowpocalypse I had grand plans this week to do some deep writing – compose my 2025 annual letter, reflect on one year since the “DeepSeek Moment”, and riff on other topical issues in the fast changing AI world. From Claude Code and Clawbot, to the back
Topics: US-China• DeepSeek• No Business Model: DeepSeek's Enduring Advantage No other frontier AGI-pilled lab anywhere has this edge
Topics: Reflection• 2025: My Top 5 Favorite Interconnected Posts As we close out 2025, I want to share with you my top 5 favorite Interconnected posts from the past year. “Favorite”, for the purpose of this compilation, is defined as posts I learned the most from while writing them. They aren’t necessarily
Topics: Cloud War• Cloud War: the National Security Strategy Edition From More Voting to More Selling
Topics: AI• ($) Forward Deployed Engineer: the Job that Makes AI Real Scalable Enablers or Growth Bottleneck?
Topics: South Korea• Sovereign AI• Sovereign AI with South Korean Characteristics From beer (and fried chicken) summit to launching AI moonshots
Topics: Sovereign AI• Europe's Hidden Sovereign AI Gem: Nebius As the notion of “sovereign AI” takes a stronger hold in the global AI infrastructure build out, I closely tracked the European Union’s rollout of its “Apply AI strategy” last week. After all, it was Europe’s AI4EU project that first coined the
Topics: Mr. Market• ($) Nebius: An Investor's Diary A rollercoaster ride that's not for the faint of heart
