The Sovereign AI Trade Is Missing a Line Item
In one week, sovereignty became a product category. Air-gapped. Never trained on. Does not log. Then the investor who named the trade said there is not a scintilla of evidence AI has lifted margins, and told CNBC that zero data retention does not cover what you click, because the industry does not know how to do that. Every one of these products moves the boundary. Not one produces the proof.
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