Three weeks into the war that began on February 28, 2026, the shock is already visible in oil, gas, LNG, and shipping markets. AI has not fully repriced yet, but the inputs underneath compute already have.
Apple has underwhelmed with consumer-facing AI, but Apple Silicon and the M5 reveal a stronger long-term strategy: private, offline, low-cost intelligence running on device.
As AI scales, energy, not algorithms, may become the limiting factor. A high-level look at today’s constraints and how they could be overcome.
How computing efficiency has changed from 2015 to 2025 across CPUs, GPUs, and at the data‑centre (infrastructure) level.