ZTrader Macro & AI Notes

ZTrader Macro & AI Notes

Beyond Compute: Intelligence as Structure Recognition

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Dorian
May 04, 2026
∙ Paid

The dominant story of artificial intelligence today is a story of scale.

More GPUs. More parameters. More tokens. More data. More synthetic data. More inference. More benchmarks. More electricity. More capital expenditure. More data centers. More everything.

This narrative is not entirely wrong.

Scale has worked. Large models have changed how we write, co…

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