512 Pixels
512 Pixels is a blog about things that light up and make noise, written by Stephen Hackett.
AI Capex 2026: The $690B Arms Race and FCF Collapse
philippdubach.comAlphabet's free cash flow is on track to fall 90% in 2026. Amazon's is at $11B. $690B in AI capex is cannibalizing the cash that justified these valuations.
Your CEO is suffering from AI psychosis
This isn’t a joke, and it’s becoming a big problem