Who Owns the Return?

Converting AI capacity into return takes an owned layer, a priced unit, and a named accountable owner

By Armando Pereira | Founder, PVentures Consulting | Senior Member IEEE | Co-founder, OpenFog Consortium (IEEE 1934) | President, Autonomous Vehicle Computing Consortium | Former VP/GM Optical BU, Centillium Communications (CMOS PON SoC, NTT-qualified)

Current, specific, not obvious.🎯

🧭 Welcome back to The Sextant™

The Sextant™ is a recurring series of board-level briefings on the hidden constraints shaping the infrastructure in deep-tech. Each issue isolates one constraint and ends with the questions a director should carry into the next board meeting.

1️⃣ Executive Summary

The last series spent six issues on what it takes to build AI infrastructure: capacity, substrate, qualified people, packaging, power, and the capital structure financing all of it. Those are supply problems, and money is solving them. You can access all of these previous issues in the archive.

This new series asks the harder question. Once the capacity is built, what does it take to get paid back?