Zan Digital › Companies
Every piece of Zan Digital analysis that covers Google — 13 pieces, each figure traced to a named source.
- 001AI Capex 2026: The $725B Bet With No Payback MathFour hyperscalers plan roughly $725B of capex in 2026, up 77% on 2025. Here is where the money goes, what it earns today, and the three numbers to watch.$725B
- 002Alphabet's $80B Equity Raise: Why Cash Ran ShortAlphabet raised $80 billion in equity in June 2026. Its filings show free cash flow fell 82% in six months and buybacks stopped at $0. What that signals.82%
- 003Anthropic IPO: The Enterprise Listing That Resets PricingAnthropic filed confidentially on 1 June 2026 for an October listing. A $47B run rate, 85% enterprise revenue, and why the mix matters more than the number.$47B
- 004GPU Depreciation: The $176B Accounting Question in AIHyperscalers depreciate AI hardware over 5 to 6 years. One investor puts the resulting overstatement at $176B through 2028. Both sides of the argument, checked.$176B
- 005The $662B Data Centre Leases Off Big Tech Balance SheetsMoody's found $969B in hyperscaler lease commitments, $662B of it not yet on any balance sheet. What the rule is, why it matters, and when it arrives.$969B
- 006The AI Chip Selloff: Dress Rehearsal or False Alarm?Chip and AI hardware stocks fell sharply in late July 2026 and recovered within a week. Fast recoveries signal conviction or complacency. Five indicators.5 days
- 007Agent Marketplaces: What Distribution Is Actually WorthEvery major platform launched an agent marketplace. In one editor's data, 3 agents took 92% of turns. What marketplace distribution is really worth.92%
- 008AI Moats in 2026: Integration Depth Beats Model DepthThe top 4 AI labs sit within 25 Elo points of each other. Model quality no longer separates products. Integration depth does, and here is the evidence.25 Elo
- 009Data Moats Are Overrated. Workflow Moats Are NotMost proprietary data can be bought or approximated. Palantir grew US commercial revenue 149% in Q2 2026 by owning the workflow, not the data corpus.149%
- 010Horizontal SaaS in 2026: Five Tests Before You StartGoogle folded a $20 per user AI add-on into a $2 price rise. Five tests that decide whether a horizontal SaaS company is still worth starting in 2026.$20
- 011Incumbent Advantage: Why Worse Enterprise AI Keeps WinningGiven a free choice, just 8% of workers pick Copilot. Given only Copilot, 68% adopt it. Here is the incumbent advantage machine, and how challengers break it.8%
- 012MCP: The Standards Fight That Decides the Agent StackMCP went from one company's experiment to a Linux Foundation standard with 97M monthly SDK downloads. What it settles, what it does not, and who benefits.~97M
- 013Micro SaaS Economics: What One Person Can Actually RunClosed micro SaaS deals change hands at a 3.9x median profit multiple. What AI made cheaper, what it did not, and where the one-person software business stops.3.9x