State of —
Quarterly Reports
Data-driven quarterly research on AI, the global economy, energy, markets, and work. Published every quarter. Updated, archived, and cited.
The models, the infrastructure buildout, the energy problem, and where the next 90 days are heading. Covers frontier model competition, enterprise adoption, the AI power crisis, and the investment landscape entering Q3.
Read the report →Frontier models, infrastructure, energy demand, enterprise adoption, and the investment landscape.
Central banks, inflation, growth forecasts, currency markets, and the macro risks that matter.
Oil, gold, uranium, and the energy transition. Where the supply constraints are and where the money is moving.
Equities, crypto, sector rotation, and what the data says about where capital is moving.
Real wages, purchasing power, employment trends, and cost of living shifts across major economies.
Most financial and technology commentary is built for the news cycle — it explains what happened yesterday. The State of series is built for a longer time horizon. Each report gives you the structural picture: what is actually changing, what the data says, and what to watch over the next 90 days. Every edition stays live permanently so the archive builds into a genuine historical record.
These reports are free to reference and cite. If you use data or analysis from a State of report in your own writing, a link back is appreciated. Each edition has a permanent URL that will not change — safe to bookmark, link to, or share. New editions are published at the start of each quarter.