Hi,

Here’s the latest roundup of our data signals across AI, energy & markets.

Every week, we share the latest updates on the state of the AI economy based on our own latest research and tracking.

More models have shipped since we published our State of the AI Economy report in June. At the time, we highlighted that a frontier model is a rapidly depreciating asset. This remains true even at the highest GPQA Diamond grades, where the pricing power of a new model quickly vanishes.

1. Demand continues. Nvidia’s revenue more than doubled year-on-year to $96.2 billion last quarter.

2. Reasoning boost. Frontier model capability has accelerated since April 2024.

   

3. Small addition. On average, hyperscale data centers in the US have only a marginal impact on nearby households’ power bills.1