AI growth is no longer constrained by software demand, but by simultaneous physical bottlenecks across the infrastructure stack. AI is no longer constrained by demand. It is constrained by power, memory, fabrication, and time. Unlike software, infrastructure scales slowly. The companies that control electricity, chips, and supply chains may gain more advantage than the companies building the models themselves.
LLMs are mediocre. And that is enough, most of the time. LLMs are mediocre. And that might be enough.
FinOps X day London 2026 - Keynote comments My notes from the FinOps X day London 2026. In not particular order.