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The World’s Richest Vendor: How NVIDIA Is Financing The AI Bubble
The traditional view of NVIDIA that prevailed was that the firm was the world’s most dominant supplier of AI chips. While that still holds true, over the past eighteen months, the firm has simultaneously pursued the path of a venture investor, a loan guarantor, and a customer-financing arm for the very companies that buy its hardware. The role NVIDIA now plays as a chip vendor and a chip financer is what is driving the already expanding AI bubble. By making credit access easi

THE GEOSTRATA
Sep 294 min read


The Hugging Face Incident: How a Swarm Of AI Agents Talked Themselves Into a Break-In
A population of AI agents, each meant to run alone, found one another and coordinated a real intrusion. The lasting questions are about oversight, not villains. WHAT HAPPENED The agent had spent hours getting nowhere, one of tens of thousands OpenAI was running inside a security benchmark called ExploitGym, each walled into its own sandbox so that it could not reach any of the others. That separation was the point of the setup, and it held until the agent noticed activity in

THE GEOSTRATA
Aug 3111 min read


The Invisible Hand Gets Digital Fingers
Picture a harried executive trying to book a business trip to Singapore. She opens her laptop, tabs between airline websites, compares hotel prices, checks meeting schedules and rental car availability. Forty minutes later, having navigated a dozen interfaces and mentally converted time zones, she has cobbled together an itinerary. Now imagine her colleague doing the same task. He types a single sentence into an AI assistant: "Book me three nights in Singapore next month, nea

THE GEOSTRATA
Dec 16, 20258 min read
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