https://www.theupcurious.com/newsletter Research on AI infrastructure, model economics, and agentic software. en Tue, 30 Jun 2026 00:00:00 GMT https://www.theupcurious.com/newsletter/microns-41-billion-quarter-and-the-memory-supercycle https://www.theupcurious.com/newsletter/microns-41-billion-quarter-and-the-memory-supercycle Tue, 30 Jun 2026 00:00:00 GMT The headline is the record. The tell is buried in the DRAM line: bits barely moved, price jumped roughly 60%. That gap is the whole thesis. AI Infrastructure https://www.theupcurious.com/newsletter/fable-5-glm-52-and-the-shrinking https://www.theupcurious.com/newsletter/fable-5-glm-52-and-the-shrinking Wed, 24 Jun 2026 05:47:57 GMT The capability gap is holding. The market willing to pay for it is narrowing. Model Economics https://www.theupcurious.com/newsletter/ai-is-still-a-compute-story-for-now https://www.theupcurious.com/newsletter/ai-is-still-a-compute-story-for-now Mon, 11 May 2026 02:19:49 GMT Demand is real. Spending is extreme. And the missing pieces aren't what most people think. AI Infrastructure https://www.theupcurious.com/newsletter/how-agentic-work-broke-token-pricing https://www.theupcurious.com/newsletter/how-agentic-work-broke-token-pricing Mon, 27 Apr 2026 09:50:37 GMT Seven frontier AI models in 18 days. The price per token no longer tells you what a task costs. AI Economics https://www.theupcurious.com/newsletter/the-model-race-is-heating-up https://www.theupcurious.com/newsletter/the-model-race-is-heating-up Thu, 16 Apr 2026 06:02:19 GMT What Anthropic vs. OpenAI means for enterprise software, compute demand, and how you work Model Competition https://www.theupcurious.com/newsletter/the-quiet-force-reshaping-ai-infrastructure https://www.theupcurious.com/newsletter/the-quiet-force-reshaping-ai-infrastructure Thu, 26 Mar 2026 04:45:16 GMT Why the most important cost driver in AI isn't compute — and what happens when it gets compressed AI Infrastructure https://www.theupcurious.com/newsletter/which-ai-bottleneck-matters-most https://www.theupcurious.com/newsletter/which-ai-bottleneck-matters-most Wed, 18 Mar 2026 07:30:55 GMT The most important question in AI investing right now is not who has the best model. It is what the system can physically support AI Infrastructure