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The analysis of Anthropic’s prospectus reveals that the company operates as a capacity business rather than a software one, driven by high compute costs that significantly exceed revenue. It draws parallels to Iceland’s capacity industries, emphasizing the importance of supply limitations. Ultimately, insight into Anthropic’s financial structure suggests strategic considerations for future capital allocation in the AI sector.
This piece starts from a chart about electricity and wealth that has been circulating, and uses Iceland to test it. …
A personal reflection, offered especially to anyone here who has grown bitter — about the closed doors, the connections they …
The author reflects on their dual identity, rooted in India but enriched by experiences in Iceland. After thirty years away, they found that their heritage didn’t diminish but instead informed their new life. Through relationships with inspiring Icelandic peers, they learned that belonging is not divided but compounded, creating a stronger, unified self.
Pip: Iceland is about to vote on whether to reopen EU accession talks, and BalaInIceland has spent the week writing …
This is a different kind of piece from the ones before it. Those were about economics — the cost of …
This is the fifth piece in a series on Iceland’s economy and the August 29 referendum on reopening EU accession …
This is the third piece in a series. The first three argued that Iceland’s high cost of capital is mostly …
The Painkiller That Became the Disease: Why Iceland Cannot Let Go of Indexation Every few years, Iceland decides to abolish …
Om was one of those rare people who left every place a little richer simply by being there. I first …
The King is dead. Long Live the King! There was a time—not that long ago—when building a startup followed a …
For decades, building software required a special type of person. You had to enjoy computers deeply. It involved spending years …
I have been working with technology for over three decades now. People sometimes ask me what has changed the most …
I spend most of my professional life thinking about trust. As an early-stage investor, I’m constantly reminded that capital is …
Finding parking in downtown Reykjavik shouldn’t need a PhD in Icelandic parking rules. Yet for visitors—and honestly, even for locals—figuring …
The crisis of free speech is not about what people are allowed to say, but about what systems choose to amplify—and what governments choose to punish.
Gervigreind er ekki lengur fjarlæg hugmynd sem bíður einhvers staðar í framtíðinni. Hún er þegar orðin hluti af verkfærum okkar, …
Eftir Bala Kamallakharan (the original article in English can be found here) Í október 2025 komst íslenski fasteignalána markaðurinn á …
In October 2025, the Icelandic mortgage market reached an inflection point. The Supreme Court ruled against Íslandsbanki in a landmark …
This morning, I was staring at a stock chart. A small toggle at the bottom—Linear vs Log—caught my eye. I …