Revisited Moreland’s classic to finish the remaining few pages I had left. The ending is rather depressing. The oppressive economic institutions—described in great detail—probably set us back permanently.
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The Megaspeed saga should make it to market design or even MBA Micro courses. When you ban a market, in most case, the market will find a way to exist through other channels.
FDPR prevented direct sales of the compute hardware to China. Megaspeed did not move any chips (afaik), they just leased the compute capacity to Alibaba via CaaS. Enforcing borderless, remote compute access is nearly impossible without global surveillance.
Classic lesson: legal prohibitions invariably enable intermediaries who benefit from a regulatory arbitrage.
On a sidenote, quite befitting that it is finally the thousand-year old technique—and not any AI-designed futuristic technology—that should precipitate the downfall of the man at the center of the AI boom.
FDPR prevented direct sales of the compute hardware to China. Megaspeed did not move any chips (afaik), they just leased the compute capacity to Alibaba via CaaS. Enforcing borderless, remote compute access is nearly impossible without global surveillance.
Classic lesson: legal prohibitions invariably enable intermediaries who benefit from a regulatory arbitrage.
On a sidenote, quite befitting that it is finally the thousand-year old technique—and not any AI-designed futuristic technology—that should precipitate the downfall of the man at the center of the AI boom.
NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio.View quoted post on X
Wonderful news! EU-India collaboration will permeate all disciplines, from sciences to defence, art, and culture. It could be the most consequential partnership of the 21st century.
Happy Dhanteras to all of India from Europe. A €93.5 billion Dhanteras gift from Europe to India: Indian researchers will now be able to access Europe’s Horizon programme and lead funded projects.
Today, India and the European Commission concluded negotiations on India’s association with Horizon Europe, the EU’s flagship science and technology programme.
Indian researchers and organisations will be able to receive funding directly from Horizon Europe and lead collaborative projects, not merely join them as junior partners.
Association is beginning in January 2027.
Europe says these were its fastest-ever Horizon Europe association negotiations. And this is not a small research grant or a friendly statement about future cooperation.
Horizon Europe is a €93.5 billion programme. Its Pillar II, the part Indian organisations will be able to lead projects under, funds multinational research into health, digital technology, industry, space, climate, energy and the bioeconomy.
Indian scientists will work alongside European institutions on the problems both regions need to solve.
Indian startups and businesses will gain access to deeper research partnerships across Europe.
Indian organisations will be able to compete for funding and coordinate projects on substantially the same terms as their EU counterparts in the covered parts of the programme.
That last point matters. India is not being invited to sit outside Europe’s innovation system and watch. It is being brought inside the room.
Europe has some of the world’s finest universities, laboratories and industrial companies. India has extraordinary scientific talent, a huge engineering base, fast-growing startups and the ability to test new technology at enormous scale.
Put those strengths together and the partnership becomes much bigger than trade.
Europe and India can develop new medicines together. Build cleaner energy systems. Advance artificial intelligence, semiconductors and high-performance computing. Work on space, digital infrastructure and next-generation communications.
This is the closest form of research cooperation the EU offers to countries outside the union. And it comes at exactly the right moment.
Mercedes-Benz and other European companies are expanding Indian engineering and manufacturing. European companies are sourcing more technology and components from India. India and Europe are also moving toward a much larger trade relationship.
But this is no longer a one-way street. Tata is acquiring Italy’s Iveco in an approximately €3.8 billion deal, and Adani Ports has agreed to acquire Europe’s Evos for an enterprise value of €2.56 billion. Indian companies are now buying European industrial champions and energy infrastructure.
Now the research layer is being connected too. That is how a real technology partnership is built: scientific collaboration at the start, engineering and manufacturing in the middle, and globally competitive products at the end.
Not Europe using India only as a source of talent. Not India buying European technology off the shelf. Both regions funding research, sharing expertise and developing technologies together.
So this Dhanteras, I am celebrating something more valuable than gold. I am celebrating good health, innovation and knowledge. After all, you can take the boy out of Pune, but you cannot take Pune out of the man.
The knowledge inside India’s laboratories. The ambition of its researchers. The companies that will emerge from their discoveries. And a Europe willing to build the future with India rather than merely sell to it.
European research strength. Indian scientific talent. Shared innovation. That is the real wealth being created today.
Happy Dhanteras, India. Europe is ready to build with you.
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Promises to be an absolute cracker. And perhaps the best time to be writing this given the global developments. Best wishes @harshmadhusudan!
During this auspicious weekend of Dhanteras, Diwali and Lakshmi Puja, and with the blessings of the gods, elders and loved ones..
I am very happy and proud to announce that my third book is now available for pre-order in India:
"LONG INDIA:
The World's Greatest Investment Opportunity"
Here is the pre-order link:
amazon.in/Long-India-Gre…
#LongIndia will be globally released around 23 November 2026. More soon..View quoted post on X
