Things I keep coming back to.

From sultanmeghji.substack.com.

• July 2, 2026

  Has the Battle for Quantum Supremacy Already Been Lost? (2026 Update) ↗

  My 9 year anniversary update (I can't believe I wrote the first of this series in 2017!) - New thoughts, pulling the window forward and a coda for the GPU Maximalists

• June 16, 2026

  The Kill Switch Is the Smoke Alarm, Not the Fire Code ↗

  Taking some questions Penny Crosman asked me and turning the smoke alarm comment into actions for bank boards

• June 9, 2026

  Money Without a Master Key ↗

  This is the last post in the series. The hand-off to the long-form cookbook on sultanismyname.com. The shape of what’s there, the shape of what’s still open, and one number I want you to carry…

• June 2, 2026

  The False Binaries ↗

  Five tradeoffs the industry treats as inviolable. Plus a sixth — deal with quantum later — that has the same problem the others do.

• May 26, 2026

  Privacy and Compliance Aren’t Enemies ↗

  The most-private financial instrument in the world is also the most regulated. The framing of these two as adversaries is a category error inherited from a pre-cryptographic era. Anyone telling you ot

• May 19, 2026

  Make the Waterfall Immutable Or Don’t Bother ↗

  The L1 has a name. Its name is StableZK. This is the post where we get specific about the part of bank resolution that already works and that crypto has refused to import for fifteen years.

• May 12, 2026

  Bagehot Was Right ↗

  Stability is a commitment, not a circuit breaker — and every stablecoin that died in public died because it had the wrong one.

• May 5, 2026

  Inside the Quantum Window ↗

  Why the people who could break Bitcoin aren't thinking about Bitcoin — and why that's the bad news.

• April 29, 2026

  What if you could drop your biological age by 10 years — for under $3,000? ↗

  I Didn't Trust the Longevity Industry. So I Ran the Experiment Myself. Three years, three cohorts, under $3,000. Here's what the evidence actually says.

• December 8, 2025

  Short commentary on the new US National Security Strategy ↗

  Why the 2025 National Security Strategy gets AI and technology investment right — and what the U.S. must do to make it operational.

• July 22, 2025

  Has the Battle for Quantum Supremacy Already Been Lost? (2025 Update) ↗

  Why quantum computing now threatens RSA encryption, Bitcoin, and financial system security — and what the geopolitical race between the U.S. and China means for crypto investors and regulators.

• July 8, 2025

  How I Use AI to Keep Up With AI: Real Work, Real Value ↗

  A practical guide to using AI tools — specifically local AI and custom news aggregators — to track AI news, research, and market signals without drowning in information overload.

• June 24, 2025

  The FDIC Finally Discovers Fire: A Crypto Awakening Three Years (or more) Too Late ↗

  How the FDIC's belated embrace of crypto — three years after Bitcoin adoption exploded — reveals systemic failures in federal financial regulatory technology modernization.

• October 4, 2024

  OpenAI’s Record-Breaking Fundraising: Navigating Valuation, Market Dynamics, and Future Growth ↗

  An expert breakdown of OpenAI's $6.6B convertible note round — what the valuation signals, what the structural hooks mean for its non-profit-to-for-profit conversion, and what comes next for the AI in

• August 28, 2024

  Nvidia’s Earnings Are Strong, But The Road Ahead Looks Bumpy ↗

  Why Nvidia's $30B quarter masks a fundamental vulnerability: AI chip demand is transient, on-device processing is rising, and the datacenter buildout cycle is nearing its peak.

• March 27, 2024

  More Than Techies: AI's Benefits for Real People ↗

  Countering AI skepticism with evidence: how artificial intelligence will lower food prices, improve healthcare outcomes, and reduce commute times for ordinary Americans — not just tech workers.

• January 23, 2024

  Trump 2.0's Wild Cards: AI and Crypto Economics ↗

  Looking at the aftermath of the first two GOP primaries, it is time to start thinking about what a Trump 2.0 administration's policies around AI & Crypto could look like

• June 21, 2023

  President Biden, AI, and the Era of Regulation ↗

  Why the Biden administration's "regulation-first" AI policy risks ceding American technological leadership to China — and what a more balanced AI governance framework should look like.

• June 18, 2023

  Dubai: A Whirlwind Tour from Casablanca to Mos Eisley and Beyond! ↗

  Musings after spending a few weeks in Dubai

• June 13, 2023

  My Summer List of Core AI Readings... (Part Deux!) ↗

  Wow, such an amazing response from so many people on other readings, I needed to make a second part!

From substack.frontierfoundry.com.

AI in regulated industries — from the Frontier Foundry team. 3,000+ subscribers.

• April 20, 2026

  What I Learned at the White House Lunar Interoperability Forum ↗

  Originally published by Frontier Foundry on May 17, 2024.

• April 17, 2026

  Value in the Time of LLMs ↗

  Throwback Thursday: While this was released earlier this year, given the growth of our audience and the topics relevance, we thought it would be a good idea to bring it back from the archives!

• April 17, 2026

  Reserve Capacity and the Emerging Competition Over Batteries ↗

  Throwback Thursday: While this was released in 2023, given the growth of our audience and the topics relevance, we thought it would be a good idea to bring it back from the archives!

• April 17, 2026

  Balancing Innovation and Oversight in the Technological Era: The AI Governance Conundrum ↗

  Originally published by Frontier Foundry on January 29, 2024.

• April 15, 2026

  You Don't Need the GPUs They're Selling You ↗

  Open-source projects prove memory bandwidth, not compute, is AI's real bottleneck. The GPU spending spree may be the biggest misallocation in tech history.

• March 4, 2026

  AI Giants – Complete Series Directory ↗

  The complete directory for Frontier Foundry's "AI Giants" series, where we explore the successes and shortcomings of today's biggest AI companies.

• February 25, 2026

  The Legal AI Security Illusion: How Vendors Sell Contracts Instead of Protection ↗

  The fundamental technical risk nobody in the legal AI industry wants to talk about, and what law firms should be asking in 2026.

• February 18, 2026

  Software Will Be Free. So Why Are Banks and Hospitals Still Paying Like It's 1999? ↗

  Despite software development costs falling due to AI, the enterprise software market continues to profit from the systems they have created.

• February 11, 2026

  AI, Data, and Client Confidentiality: The Legal Industry’s Privacy Dilemma ↗

  The legal sector's demand for AI-powered tools tailored to their industry continues to grow, yet privacy and data security concerns slow adoption.

• February 4, 2026

  AI Giants Pt. 5: Microsoft's $80B Gamble ↗

  Microsoft has built the most comprehensive enterprise AI stack in the industry, but inconsistent adoption and mixed consumer reception may hold them back.

• January 21, 2026

  Emerging Technologies for Community Banks ↗

  The banking sector's current technological revolution presents community banks with great opportunities to build their competitive advantage and grow.

• January 7, 2026

  AI Giants Pt. 4: Perplexity's $20B Bet Against the Media Industry ↗

  Perplexity's emergence in AI search is being threatened by an onslaught of lawsuits from publishers claiming the company illegally accessed their materials.

• December 17, 2025

  On-Chain Reconciliation for Tokenized Securities ↗

  The growing adoption rates of smart contracts by key financial institutions promises to streamline and transform traditional reconciliation workflows.

• December 4, 2025

  AI Giants Pt. 3: OpenAI Sees Red ↗

  OpenAI issued an internal "code red" as competing models began gaining ground, revealing how perilous their market leading position truly is.

• November 20, 2025

  AI Giants Pt. 2: How Google Fixed Gemini's Blurry Vision ↗

  A look into Google's history of AI development, Gemini's early struggles, and the 3.0 upgrade that made them one of the top competitors in the AI market.

• November 12, 2025

  Part 2: AI-Driven Adaptability: Optimizing Trader Behavior for Hedge Fund Success ↗

  In today's complex economy, AI-powered analytics paired with human expertise can help provide hedge funds with a new edge to find success.

• November 5, 2025

  AI Giants Pt. 1: Clouds and Consequences – When Claude Went Dark ↗

  Cloud AI systems are only as strong as their infrastructure. Explore how Claude's recent reliability crisis led to a rise in local model adoption.

• October 28, 2025

  Part 1: The Competitive Edge: How AI is Transforming Hedge Fund Portfolio Management ↗

  Hedge funds sit at a critical juncture where privacy-preserving AI systems are unlocking powerful applications that promise to change the future of investing.

• October 23, 2025

  Centralizing and Decentralizing Forces - The Innovation of Enterprise Technology ↗

  We explore the impact of centralizing and decentralizing innovations, and how developments of the past influence our use of technology today.

• October 15, 2025

  Part 4: The Great Disconnect: Why We Need Hidden Markov Models to Navigate Our Post-Market Economy ↗

  A new framework for understanding economic regimes in the age of artificial intelligence.

The SCIF — George Mason NSI.

National-security commentary I contribute as a Fellow at the George Mason University National Security Institute.

• March 27, 2026

  The SCIF / GMU NSI

  After Epic Fury, Part II: This Isn't a Military Story. It's an Insurance Story. ↗

  My argument that Epic Fury was never really a military story — it quietly redrew global maritime energy insurance, displacing the historic British-led system with American-controlled mechanisms, and with it U.S. leverage over critical infrastructure.

• March 13, 2026

  The SCIF / GMU NSI

  After Epic Fury, Part I: Three Futures for Iran — and Why We Need to Choose One ↗

  Three futures for post-strike Iran — modernization, transactional partnership, or state collapse — and the case for deliberately choosing one rather than letting events choose for us.

• January 21, 2026

  The SCIF / GMU NSI

  NSI Experts Weigh In: U.S. Deterrence and Statecraft in an Era of Crisis ↗

  My piece on economic statecraft as the new face of deterrence — AI-driven financial surveillance gives the U.S. graduated, troops-optional leverage over adversaries like Venezuela and Iran, but parallel payment rails from China and Russia could route around it and erode dollar hegemony.

• January 6, 2026

  The SCIF / GMU NSI

  NSI Experts Weigh In: U.S. National Security Challenges in 2026 ↗

  My read on the year's interconnected flashpoints — Venezuela, Ukraine, Taiwan, the Arctic — and why pragmatic American leadership has to center on securing critical technology and resources, from energy to rare earths, and upholding freedom of navigation.

• December 8, 2025

  The SCIF / GMU NSI

  NSI Experts Weigh In: The White House's 2025 National Security Strategy ↗

  My contribution: strategic technology — AI, biotech, quantum — is the fulcrum of American national power and has to be treated as a whole-of-nation industrial and security project.

• July 28, 2025

  The SCIF / GMU NSI

  NSI Experts Weigh In: America's AI Action Plan ↗

  My three objections to the plan: the energy gap that data-center growth can't outrun without fossil and nuclear power, a delivery model leaning on private firms with non-U.S. supply chains, and a fixation on GPUs that overlooks where CPU and quantum advances are already pulling ahead.

• October 8, 2024

  The SCIF / GMU NSI

  NSI Experts in the News — All Things National Security ↗

  My three-outcomes analysis of where OpenAI ends up: dominant Big Tech player, acquisition target, or failure — and what each means for U.S. national security.

Op-eds & guest pieces.

• February 22, 2022

  Bloomberg Opinion

  I Quit as FDIC Innovation Chief Because of Regulators' Technophobia ↗

  Why I resigned as inaugural Chief Innovation Officer of the FDIC, and what the American banking system still has to confront about AI, quantum, and cyber.

• January 1, 2025

  Crain's New York Business

  Op-ed: The AI bubble will burst. Here's how to get ahead of it ↗

  AI spend is outpacing returns. What firms should do now to move past demos and generic LLM plays before the correction lands.

• August 30, 2024

  The Hill

  Did Big Tech bite off more than it can chew with AI? ↗

  The case for smaller, tailored models over frontier-scale LLMs — and why the AI future is more narrow than the headlines suggest.

• April 18, 2024

  Fox News Opinion

  Let's use AI to stop fentanyl at the border and keep it from killing Americans ↗

  Using AI pattern recognition at ports of entry to interdict fentanyl shipments — a practical national-security application of technology we already have.

• February 1, 2025

  19FortyFive

  Why the U.S. Must Treat Fentanyl Like a War on Terror ↗

  The case for a war-on-terror-style, bipartisan operational plan — combining AI, military and intelligence resources — against the fentanyl pipeline.

• January 1, 2023

  American Banker

  Banks should use open tech to ease faster payments migration ↗

  Why open-source and shared infrastructure are the shortest path through the U.S. instant-payments transition.

Testimony & regulatory statements.

Regulatory statements and congressional testimony, when they exist in the public record.