Why This Newsletter Exists
Welcome to Sovereign Compute.
AI stopped being a software story. It became an infrastructure story. And infrastructure is power. Welcome to Sovereign Compute.
Most AI commentary focuses on chatbots, productivity tools, and model releases. This newsletter takes a different view.
I write about what happens when $600 billion in annual capex meets a power grid that wasn’t built for it. When sovereign wealth funds realize AI leverage starts with electricity, not algorithms. When the geography of compute becomes as strategic as the geography of oil.
We are witnessing one of the largest reallocations of capital in modern history. As AI moves from software to infrastructure, the new geography of power is being shaped by electricity grids, data center footprints, and sovereign energy strategy.
Thesis: AI is reshaping government institutions, the energy industry, infrastructure investment, and state leverage. Whoever controls the physical layer of AI — the electricity, the land, the cooling systems, the capital — holds structural power over everyone else renting compute on top of it.
That’s what this newsletter is about.
What You’ll Get
Every week, one strategic briefing:
One thesis — A clear argument about how AI reshapes energy, infrastructure, or state power
One chart — Data that makes the point unmissable
One implication — What this changes for decision-makers
No news roundups. No tool reviews. No 10-point listicles. Just analysis that helps you see structural shifts before they become consensus.
What I’ll Write About
AI’s real energy cost, and why compute geography is becoming as strategic as oil geography
How sovereign wealth funds are converting energy dominance into compute infrastructure
Why climate policy and AI policy are now inseparable
Data centers as geopolitical assets — location, power, water, land
Which governments gain administrative leverage through AI, and which fall behind
Capital flows at the AI-energy convergence
Grid constraints, interconnection delays, and what they mean for hyperscaler buildout plans
Who This Is For
Energy executives who need to understand how AI demand reshapes power markets and grid planning.
Infrastructure investors modeling data center demand, grid capacity, and the capital required to bridge the gap.
Policy advisors and government strategists navigating national AI strategies where compute infrastructure equals geopolitical leverage.
Corporate strategists who need to anticipate how AI changes their sector before it’s obvious.
If you work in energy, infrastructure investment, policy, or strategy — and you need to see what’s coming before everyone else does — you’re in the right place.
A Few Ground Rules
I write for people who make decisions, not people who read headlines. That means:
No hype. AI is transformative, but most AI commentary is noise. I focus on what matters for infrastructure, energy, and state capacity.
Forward-looking, not futuristic. I won't speculate about what might happen in 2030. I'll show you what's happening now and what it implies for the next 12-24 months based on capital flows, construction timelines, and policy commitments.
No vendor pitches. This isn’t about tools or platforms. It’s about structural forces.
Data over narrative. Every argument gets a chart. If it can’t be measured or sourced, it doesn’t belong here.
What’s Next
Your next briefing arrives this week. I’m working on a piece about Pax Silica — a coalition that binds 11 countries into a shared AI supply chain covering chips, minerals, energy, data centers, and undersea cables. The name blends Pax Romana with silica, the base compound of silicon. The signatories: United States, Japan, South Korea, Australia, Israel, Singapore, the UK, the Netherlands, Qatar, Greece, and the UAE. India is next.
If you find this valuable, forward it to someone who would benefit. If you want to support the work and get monthly deep dives plus quarterly strategy calls, consider becoming a Paid or Founding Member.
Otherwise, just stay on the list. Every weekly briefing comes to you regardless.
Thanks for being here from the beginning.
— Ivan Ferrari
A note on independence: All opinions shared in this newsletter are my own and do not reflect the views of dmg events, ADIPEC, or any affiliated organizations. This is personal analysis, not institutional positioning.