Crossing the Trillion Dollar Chasm

The piece tracks Andy Jassy's and Elon Musk's $1t revenue targets, projecting that Google Cloud and SpaceX each cross $250b in quarterly revenue ($1t annualized) in 2030 and AWS follows in 2032, assuming power, silicon and balance sheets hold. It argues Google and Amazon must refocus capital on hardware, gigawatts and agentic compute while legacy cash cows absorb AI's shock, citing Search ad growth slowing to 12% ($63.3b) as AI Mode monetizes at a lower rate. Microsoft is described as the only hyperscaler expanding legacy ARPU through AI faster than seat growth slows, while ServiceNow fell 29% on AI erosion fears.