Unchained · Friday, July 31, 2026
The widespread adoption and tangible use cases of AI across various industries suggest the AI revolution is in its early stages, comparable to the second inning of a baseball game. While companies are demonstrating improvements in efficiency and productivity, the significant capex and potential for a 'domino effect' if the trend falters present considerable risks.
“So our our take on this, honestly, our bottom up fundamental take on the whole thing, the whole AI spend and where we are in, in baseball terms. We were talking before we got on there, you're a Phillies fan, I'm a Red Sox fan. So in baseball terms, we're probably in the second inning of this.”
“On every earnings call, already this year, and this is this quarter, sorry, but this has been true for probably the last 12 months. Every company talks about how they're using AI in their business, whether it's to improve efficiency, productivity, ultimately profitability, to make things faster, better for their customers, to improve their service levels. We've heard that for a year. I hear that in every single earnings call. So this is not going away. The use cases are tangible.”
“But we're probably in the second inning of the game. And the risk is that the whole thing is a bunch of BS and it falls apart. We do not believe that. We do not believe that. We think we're in the second inning of a nine inning game. And this is real.”