# What if the AI capex bubble may not be a bubble after all? > Source: > Published: 2026-08-18 08:33:01+00:00 The way Satya Nadella tells it, Sam Altman had a killer pitch when first discussing an OpenAI-Microsoft partnership: “knowledge is the log of compute.” In other words, human knowledge – about anything – is an increasing function of the amount of computing power thrown at it. And knowledge increases more and more slowly as more compute is applied. Loading...