Normalised Alpha / what-changed what-changed July 2026: the month the grid became the ceiling: What Changed Issue 01 20 August 2026 · 6 min read · Updated 6 Oct 2026 What Changed · Issue 01 — a monthly recap of AI infrastructure power. Share on LinkedIn Respond via email ← Previous Team, timeline, and the anatomy of a data room Next → Arc behaviour, protection, and how insurance is catching up (4/13) Continue reading The AI Power Chain essays + companions · the physical infrastructure of AI compute The Investment Layer essays · how the AI buildout is financed Due Diligence for the AI Buildout essays + supplements · how to run DD for AI infrastructure and industrial technology deals