Amir Kabir · 29 October 2026 · Investment Thesis

Edition 69 | 2026 — Compute Is a Physical Risk Business

Amir Kabir, MP @ Overlook

AI compute infrastructure is becoming a physical risk business: hyperscaler data centers now operate like ports and power plants, with fire and cooling failures causing billions in losses and exceeding conventional insurance capacity. Meanwhile, AI agents' unreliable self-descriptions make their safety uninsurable without independent behavioral monitoring.

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Topics: AI Infrastructure · Energy & Climate · Insurance

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