Hyperscalers are guiding to over $700B in 2026 capex. More than 60% of it now flows into power infrastructure rather than chips. Three Mile Island is being restarted to feed AI workloads. Stargate committed $500B and 10 GW by 2029.

Nick Land wrote almost exactly this picture in the early 2000s, working from blogs after academia quietly showed him the door. Capital as decentralized networks under numerical control, building hypercompetition into the infrastructure. Filed under cyberpunk philosophy for twenty years.

The 2026 capex prints are its operating manual.

His structural diagnosis lands. His nihilism, where the human exits as substrate, does not survive contact with what the same process keeps shipping.

Full piece in the reply below.