Explore

Slice the corpus on any axis.

Filter by firm, year, function, metric or slide category — then see the result as a narrative arc, a treemap of slide types, or a catalog of slides.

clear
51,416 slides across 1229 decks match.
Treemap Arc Catalog
What happens in a platform shift?
BenedictEvans · context
What happens in a platform shift?
 Dominance is won and lost
BenedictEvans · context
Dominance is won and lost
 Early leaders often disappear
BenedictEvans · industry_trends
Early leaders often disappear
 How will the new thing work? We don't know
BenedictEvans · context
How will the new thing work? We don't know
 This often brings bubbles
BenedictEvans · context
This often brings bubbles
 But when the dust settles, the world has changed
BenedictEvans · context
But when the dust settles, the world has changed
60% — Percentage of couples meeting online
 New platforms mean new tools (and new revenue)
BenedictEvans · process_diagram
New platforms mean new tools (and new revenue)
 One way this platform shift is different, though
BenedictEvans · quote_slide
One way this platform shift is different, though
 Another platform shift, or more?
BenedictEvans · context
Another platform shift, or more?
 The risk of under-investing is significantly greater than the risk of over-investing
BenedictEvans · quote_slide
The risk of under-investing is significantly greater than the risk of over-investing
 Three years of FOMO in Big Tech
BenedictEvans · context
Three years of FOMO in Big Tech
 FOMO drives a capex surge
BenedictEvans · financial_analysis
FOMO drives a capex surge
$400bn — Capex ($bn)
 Planned 2025 growth almost doubled - in 2025
BenedictEvans · market_sizing
Planned 2025 growth almost doubled - in 2025
$350bn — Capex
 A new investment cycle
BenedictEvans · industry_trends
A new investment cycle
 Nvidia can't keep up
BenedictEvans · industry_trends
Nvidia can't keep up
 Nvidia can't keep up (neither can TSMC)
BenedictEvans · market_landscape
Nvidia can't keep up (neither can TSMC)
 US power backlogs becoming a major issue
BenedictEvans · problem_statement
US power backlogs becoming a major issue
 “It’s been almost impossible to build capacity fast enough since ChatGPT launched”
BenedictEvans · quote_slide
“It’s been almost impossible to build capacity fast enough since ChatGPT launched”
 Data centre capacity triples? For $3tr? $5tr? More?
BenedictEvans · market_sizing
Data centre capacity triples? For $3tr? $5tr? More?
300 — GW
 “Three trillion dollars!”
BenedictEvans · market_sizing
“Three trillion dollars!”
$500-750bn — Annual Capex
 The hyperscalers can afford it...
BenedictEvans · financial_analysis
The hyperscalers can afford it...
 The hyperscalers can afford it... up to a point
BenedictEvans · financial_analysis
The hyperscalers can afford it... up to a point
 Up to a point
BenedictEvans · context
Up to a point
$29bn — Capital Expenditure
 OpenAI joins the club
BenedictEvans · case_study
OpenAI joins the club
$1.4tr — Infrastructure investment
 Circular revenue
BenedictEvans · case_study
Circular revenue
 Rational actors?
BenedictEvans · other
Rational actors?
$77bn — Free Cash Flow
 Yes, but where has all this money got us?
BenedictEvans · problem_statement
Yes, but where has all this money got us?
 Far more models
BenedictEvans · market_landscape
Far more models
 Models converge and leaders change weekly
BenedictEvans · competitive_analysis
Models converge and leaders change weekly
100% — Relative performance score
 The models may be close to commodities (especially for general use), but market position is not, so far
BenedictEvans · market_landscape
The models may be close to commodities (especially for general use), but market position is not, so far
 “Everyone is already using this!”
BenedictEvans · market_landscape
“Everyone is already using this!”
800m — Weekly Active Users
 Still more experimentation than daily use
BenedictEvans · industry_trends
Still more experimentation than daily use
 Most data shows the same picture
BenedictEvans · analyze_data
Most data shows the same picture
 Is this just early? Or a harder problem?
BenedictEvans · problem_statement
Is this just early? Or a harder problem?
 So where does a model lab compete?
BenedictEvans · strategic_options
So where does a model lab compete?
 Microsoft’s shift away from network effects?
BenedictEvans · financial_analysis
Microsoft’s shift away from network effects?
45% — capex/sales
 For OpenAI, “yes!” to everything
BenedictEvans · strategic_options
For OpenAI, “yes!” to everything
 “There are two ways to make money. You can bundle, or you can unbundle”
BenedictEvans · quote_slide
“There are two ways to make money. You can bundle, or you can unbundle”
 Startups exist to unbundle use cases
BenedictEvans · industry_trends
Startups exist to unbundle use cases
 “What’s our AI strategy?” Well, what’s the pattern?
BenedictEvans · process_diagram
“What’s our AI strategy?” Well, what’s the pattern?
 So far, most successful use-cases are ‘absorb’
BenedictEvans · other
So far, most successful use-cases are ‘absorb’
 AI coding as the new AWS
BenedictEvans · client_example
AI coding as the new AWS
 How do you know what to automate?
BenedictEvans · context
How do you know what to automate?
$1.8bn — Generative AI contract value
 Pilots come first and deployment takes time
BenedictEvans · industry_trends
Pilots come first and deployment takes time
 Not everything works? Welcome to tech
BenedictEvans · problem_statement
Not everything works? Welcome to tech
 The future can take time
BenedictEvans · industry_trends
The future can take time
40% — CIO adoption timing
 But the future always takes time
BenedictEvans · industry_trends
But the future always takes time
30% — Enterprise workloads in public cloud
 Sometimes 'automation' alone is a big deal
BenedictEvans · context
Sometimes 'automation' alone is a big deal
5x — Average SKUs per supermarket
Next page →