AI Super Cycle and Market Dynamics

This chapter explores the significant growth in the AI sector and its profound impact on software multiples, especially among key players like ClickHouse, Databricks, and Snowflake. It discusses major investments from tech giants in AI technologies, emphasizing the rapid transformation in enterprise operations and the competitive dynamics in the market. Additionally, the chapter warns about the need for regulatory environments that encourage innovation in the U.S. amidst fierce competition from global adversaries like China.