Post-Software Cycle

Capital for the physical AI era

We back orchestration layers, energy infrastructure, and sovereign compute — the bottlenecks of the next decade.

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Three structural pillars

01

Energy as the new bottleneck

Compute scales fast. Power plants don't. Grid capacity determines AI deployment speed.

02

Rare earths + supply chains

Physical AI requires neodymium, dysprosium, and Chinese-controlled refining. 90% of global rare earth refining sits in one country.

03

Geopolitical competition

Nations race for hashrate dominance, trade route control, and energy surplus. The winners own the Age of Abundance.