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Data Gravity

Chris Zeoli

Quantitative analysis of the infrastructure, data, and security systems powering AI—written for the founders and operators building them and the investors funding them.

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Substack
PricingOnly free issuesPublishesWeekly
Issues71Founded4 years agoLast Issue9 days ago
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Latest Issues

Light, Radio, and the Race to Replace Copper: Interconnects in the AI Era

Thesis

The binding constraint on frontier AI has shifted. Through 2023 it was accelerator supply. By 2026 it is the interconnect — and “interconnect” now spans three distinct distance scales at once: chip-to-memory (millimeters), GPU-to...

9 days ago
24

Google's TPU Supply Chain

Google’s Tensor Processing Unit program is no longer a side project to keep GPU costs down. It is the structural foundation of how Google intends to own AI compute economics for the next decade. The signal most investors missed: in 2026, Al...

15 days ago
26

600 kW Per Rack: The AI Power Crisis Reshaping Electrical Infrastructure

TL;DR — Five things to know

  1. AI racks go from 120 kW today to 600 kW by 2027. Power infrastructure value per rack jumps from $36K to $398K+ — more than 10× baseline. This is not incremental.

  2. The architecture shifts c...

a month ago
33

The Memory Triopoly

We’ve been talking a lot about memory lately — from KV Cache dynamics across prefill and decode to memory itself as the structural bottleneck in AI compute. The constraint is no longer raw FLOPS. It is the ability to move bytes in and out o...

a month ago
26

The Chip Testing Bottleneck

The economics of testing a leading-edge AI accelerator look almost nothing like testing a mobile SoC. A typical 5nm-class smartphone SoC clears the tester in roughly 30–60 seconds. A Blackwell-class AI accelerator with two reticle-limited d...

a month ago
14

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  • Chris Zeoli

    Partner @ Wing investing in AI infra, data and cyber.

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