Home Podcasts The Intangible Economy with Kai Wu

The Intangible Economy with Kai Wu

Excess Returns 3 Episodes Jul 21, 2026

The Intangible Economy with Kai Wu explores the hidden forces reshaping the modern economy and their implications for investors. AI and the broader technology revolution are changing how we live, work, and create value. In each episode, Kai sits down with investors, researchers, and other experts to discuss how innovation and other intangible forces - such as brands, human capital, and network effects - are transforming markets and investment outcomes.

Episodes

Mapping the AI Economy: Value Capture, Adoption and Moats with Azeem Azhar Jul 21, 2026 01:14:58 Azeem Azhar joins Kai Wu to break down the real economics of the AI boom, including the $110 billion demand base, where profits may accrue across chips, hosting, foundation models and applications, and whether spending can translate into enterprise productivity. They discuss AI infrastructure bottlenecks, open-source competition, vertical integration, organizational redesign, software moats, human

Aswath Damodaran on SpaceX, AI and the Limits of Big Market Stories Jun 18, 2026 01:08:26 Professor Aswath Damodaran joins The Intangible Economy to break down how to value SpaceX, AI companies, intangible assets, and the future of value investing.We discuss why big markets do not automatically create big value, how AI CapEx is changing the character of major technology companies, and why the best investment stories still have to connect to the numbers.Aswath Damodaran on Xhttps://x.co

What Past Capital Cycles Can Teach Us About AI with Edward Chancellor May 12, 2026 01:16:29 Edward Chancellor joins Kai Wu to discuss what financial history and capital cycle theory can teach investors about today’s AI boom. They explore why transformative technologies can still produce terrible investor returns, how overinvestment develops, where anti-bubbles may be forming, and what past episodes like the railway mania, the dot-com bubble, China’s investment boom and the post-2008 inte

Michael Mauboussin: Base Rates, AI Adoption, and Investing in the Intangible Economy Mar 31, 2026 01:01:12 This episode of The Intangible Economy explores how AI, intangible assets, and unprecedented capital investment are reshaping the future of markets. Michael Mauboussin joins Kai Wu to break down why today’s AI expectations may be historically unmatched—and what that means for investors trying to assess risk, returns, and who ultimately captures value.The conversation moves from base rates and AI g

The Intangible Economy with Kai Wu

Episodes

Recommended