https://sinclairhuang.org/tags/market-structure/ Recent content in Market-Structure on Sinclair Huang, HEC Liège, Executive DBA Hugo -- 0.152.2 en-us Tue, 21 Jul 2026 00:00:00 +0000 https://sinclairhuang.org/blog/2026-07-21-everyone-is-counting-tokens-watch-the-bandwidth-that-gets-pa/ Tue, 21 Jul 2026 00:00:00 +0000 https://sinclairhuang.org/blog/2026-07-21-everyone-is-counting-tokens-watch-the-bandwidth-that-gets-pa/ AI will be everywhere. The harder question is who still earns a margin when intelligence gets cheap.By SinclairI have watched AI move from conversation and search into data processing, automation, veh