
Newsletter: No.38
AI jobs impact, hybrid workers, the FDE talent gap, and the real cost of “cheap” models.
I analyse AI progress beyond the headlines, focusing on enterprise execution, incentives, and real-world economic impact.
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AI jobs impact, hybrid workers, the FDE talent gap, and the real cost of “cheap” models.

What Happens When AI Is Right Too Often

The jobs-apocalypse walk-back, the price war and the harness, and governance by improvisation.

... and the market pays for neither. The AI Value Gap finds no visible premium for companies that can prove AI works.

The AI Value Realisation Index opens at 13.5 out of 100.

AI licensing goes ad-hoc, and the jobs data still won't pick a side.

A study of S&P 500 companies showing that when the AI tide goes out, only one in five has the financial proof to match the story.

The week AI sovereignty moved from policy slogan to operating risk.

How private equity validated a safe-haven thesis for B2B events by pricing an AI exposure no one can see.

How the labs turned a week of regulatory pressure into a week of regulatory capture.

Why we should not confuse inputs with outcomes.

Anthropic turns profitable, the labour market splits, Google's strategy problem, and the AI safety EO dies in the Oval.

Three access fences the mid-market sits behind: deployment talent, defensive cyber, and sustainable compute.

Anthropic's 80x quarter, the FDA-for-AI moment, the underclass thesis on trial, and a PE/AI consulting rush.

The great AI repricing, $720B of capacity pre-booked but not built, AI-washing the layoffs, and ten years of being wrong about radiologists.

Why the SaaS discount is misreading the agentic stack and what it means for B2B information services

Compute scarcity bites, enterprise AI playbook, and the trust gap shaping policy.

Mythos and cyber risk, agent pricing resets, lab IPO math, and the enterprise reality gap

Flat macro, shifting jobs, Europe lagging, agents scaling, hyperscalers chasing ROI, and chatbots running out of road

Why Codified Industries Are AI’s First Real Market