Strategy and Investment

Where is the money in AI actually going to end up? This theme covers the strategic and investment side of the industry — the bets analysts and investors are making about which layer of the AI stack captures the value as the technology matures.

The briefs here take an analyst's investment thesis and lay out the argument in plain language: what they claim, the evidence they lean on, and — because a thesis often comes from someone with money riding on it — where their stake shapes the story. You get the reasoning and the honest read, so you can weigh the call for yourself.

In this section

Page	Last updated
The Great Decoupling An investor's thesis that AI splits code's value from coding's value, and what that means for how services firms price, staff, and structure themselves.	Updated 2026-07-10
The Great Value Migration An investment thesis that as AI intelligence gets cheap, value migrates from selling compute to owning and orchestrating it — favoring the hyperscalers.	Updated 2026-07-01