weekly series · ARC Research on Substack
One week of global markets and AI, read together — and the deck behind it.
Every week takes the macro that mattered — central banks, rates, oil, the model race — and works out what actually moved and why. The write-up goes out on Substack; the deck I present from is here beside it.
Every update
newest first
Money for machines
ARC Research · Substack
Agentic payments — why a financial system built for humans leaves agents stuck, and how blockchain and crypto could give them the identity to pay on their own.
2026.09.29
Cheaper frontier models, efficient open weights and China’s chip push
ARC Research · Substack
A read on where the model race stands — frontier models getting cheaper, open weights getting more efficient, and China pushing to build its own chips.
2026.09.27
How AI became a capital markets story
ARC Research · Substack
As the models have got smarter, the money needed to fund them has grown with them — the build-out read as a capital markets story rather than a technology one.
2026.09.22
The Fed, the BOJ, oil, and an AI security shock
ARC Research · Substack
Rate hikes back on the table at the Fed, the Bank of Japan following, oil markets under pressure — and the security shock that landed on AI the same week.
2026.09.18