Intelligence Is Abundant. Authority Is Not.

The structural read behind today's Morning 10 — why the same forty-eight hours bought an application layer and sold a component layer, and what that says about where the scarcity now sits.

Ten contests, not one

The public version of the AI argument is still “open models versus closed”, with “local versus API” as the sophisticated follow-up. That is two of about ten. Laid out properly the enterprise market is decomposing along model ownership, deployment, architecture, context, integration, agent design, execution, distribution, development…