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  1. Economist Podcasts
  2. Power ranges: AI faces supply crunch
Power ranges: AI faces supply crunch

Power ranges: AI faces supply crunch

Economist Podcasts · Apr 29, 2026

AI faces a hardware supply crunch, cybercrime evolves with sophisticated malware, and direct-to-consumer brands like Allbirds pivot to survive.

Cybercrime Is Now a 'Malware-as-a-Service' Industry Operating on Telegram

Sophisticated cybercrime no longer requires in-house technical expertise. Criminals now operate on a "malware-as-a-service" model, purchasing ready-made attack software and stolen personal data from marketplaces on messaging apps like Telegram, enabling rapid, widespread attacks.

Power ranges: AI faces supply crunch thumbnail

Power ranges: AI faces supply crunch

Economist Podcasts·9 hours ago

AI's Growth Is Throttled by Shortages of Low-Tech Hardware, Not Just GPUs

The AI supply crunch extends beyond advanced processors. The industry faces critical shortages of basic components like electrical transformers and switches, with lead times stretching three to five years. This creates a less obvious but significant bottleneck for building the necessary data center infrastructure.

Power ranges: AI faces supply crunch thumbnail

Power ranges: AI faces supply crunch

Economist Podcasts·9 hours ago

The 'Millennial Brand' Playbook Died with Low Interest Rates and Cheap Ads

Direct-to-consumer brands like Allbirds thrived in a specific economic environment of cheap venture capital and inexpensive social media advertising. This model is now failing as interest rates have risen and online customer acquisition costs have skyrocketed, exposing its core dependency on temporary market conditions.

Power ranges: AI faces supply crunch thumbnail

Power ranges: AI faces supply crunch

Economist Podcasts·9 hours ago

Allbirds' Pivot to AI Is a Financial Maneuver to Retain Its Stock Ticker

The company's shift from footwear to "Newbird AI" is not a strategic business change but a move to sell off the shoe company's IP while keeping the publicly traded stock ticker (BIRD). This allows the corporate shell to pursue a new venture, treating the stock listing as its primary remaining asset.

Power ranges: AI faces supply crunch thumbnail

Power ranges: AI faces supply crunch

Economist Podcasts·9 hours ago

The AI Development Pace Is Fundamentally Mismatched with Hardware Production Cycles

AI software models advance every few months, creating exponential demand. However, the hardware infrastructure like chip fabs operates on two-to-four-year development cycles. This timeline disconnect between software's rapid pace and hardware's slow build-out creates a persistent supply crunch that money alone cannot instantly solve.

Power ranges: AI faces supply crunch thumbnail

Power ranges: AI faces supply crunch

Economist Podcasts·9 hours ago