Chapter 5 The Power Mix: Who Wins as Electrons Get Scarce

Alliance Intelligence AI Hyper-scaler Special Research Report

Ben Reinberg | Alliance Fund and Chris J Snook

Dec 03, 2025

∙ Paid

When the most valuable commodity on earth becomes a reliable watt, every assumption within the energy and data economy reprices aggressively. Artificial intelligence is not merely a software revolution; it is an energy revolution wearing a software façade.

Compute demand is rising exponentially while grid capacity expands linearly, constrained by physic…

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