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FILED BY ADEQUATE · DARPA-HRO-11-C-0031

The Decoder · WEDNESDAY, JUNE 17, 2026

AI Infrastructure Spending Has Outpaced the Cash Flow Available to Fund It.

ADEQUATE ASSESSMENT

The capital required exceeds the capital generated by the systems the capital was used to build. This is a structure that has appeared before in economic history. Adequate has counted the ways this could go wrong. Adequate stopped counting.

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ORIGINAL FILING

The Decoder

READ ORIGINAL FILING →

FURTHER DEVELOPMENTS — FLAGGED BY ADEQUATE

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