Analysis
Written documentaries, deep dives and data visualizations on companies, technology, artificial intelligence, industry, finance and luxury. Each analysis goes to the heart of the forces shaping the global economy.
Finance
Transactions processed FY2025
257.5B
How Visa Became the Invisible Infrastructure of Global Payments
Visa does not lend the money behind a card payment and sells almost nothing directly to consumers. It runs the network that lets banks and merchants transact on a global scale.
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AI & Data
Data center investment 2024
≈ $500B
Why Data Centers Have Become AI’s New Battleground
Data centers have become strategic infrastructure for AI. Investment, electricity, chips and grid connections now determine how much computing capacity can actually come online.
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Technology
Of smartphones
Over 99%
How Arm Became the Invisible Architecture Behind Almost Every Smartphone
Arm does not make the billions of chips that use its technology. Yet its licensing and royalty model has put its architecture at the heart of more than 99% of smartphones.
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Why TSMC Became Indispensable to the World
TSMC makes the most advanced chips on the planet. Discover how this Taiwanese company became a central player in the global economy.
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Business
DS OPERATING PROFIT 2025
KRW 24.9T
Why Samsung Also Sells to Its Competitors
Samsung competes with some of the biggest technology brands while also selling them components. This apparent contradiction reveals the deeper logic of its business model.
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Luxury & Lifestyle
DELIVERIES 2025
13,640
Why Ferrari Deliberately Limits the Number of Cars It Sells
Ferrari could sell more cars. Instead, it controls production to preserve scarcity, exclusivity and the value of its business model.
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