Explainers

Plain-language explainers

Short pieces that explain one mechanism properly — for a reader who does not already know the field. Nothing is simplified away; every figure is sourced or marked as an estimate.

The pieces

  • AI infrastructure · 1 September 2026

    Unified memory, explained

    Running an AI model is mostly a memory problem, not a thinking-speed problem. What that means for who wins where — with the manufacturers' own numbers, and where the popular story overstates.

  • Energy · 31 May 2026

    JKM–TTF parity, explained

    Two gas benchmarks — one for Asia, one for Europe — used to sit apart, and a whole trading business lived in the gap. The gap has closed. What the two prices are, why they differed, and what convergence takes away.