AI power · Institutional perception · Capital

Intelligence
precedes capital.

exmxc is a human-led intelligence institution for the AI-search era. We examine how AI reshapes power, visibility, and capital allocation—and where structural advantage emerges.

Explore the research The Four Forces

Human-led. AI-instrumented. Built for durable decisions.

COMPUTE / INTERFACE / ALIGNMENT / ENERGY

The research system

Research & instruments

Explore the intelligence.

Structural frameworks, interpretive signals, and longitudinal research connecting AI-mediated discovery to institutional and capital decisions.

Capital architecture

Where structure becomes advantage.

Applied capital allocation frameworks examining structural scarcity, institutional positioning, and long-horizon asymmetry.

Explore Capital Architecture AI Retrieval Observatory

What AI actually retrieves.

First-party longitudinal research tracking retrieval share, coverage, content families, and changes over time.

Explore the Observatory Signal briefs

Interpret the structural shift.

Short-cycle intelligence on changes across AI systems, platforms, and capital flows through the Four Forces.

Read Signal Briefs

Selected research · Baseline 001 · 31 Aug 2026

Defined concepts show stronger retrieval propensity.

In exmxc’s baseline, Frameworks and Lexicon pages had higher generative-AI impression share than Signal Briefs. This is an observational finding from Google Search Console, with methodology and limitations documented in the report.

Read the findings and methodology →

EXMXC FRAMEWORKS · AI / WEB IMPRESSIONS9.1%

Signal Briefs: 1.8%
30 May–29 Aug 2026 · Google only
Observational baseline; not a causal result.

Our analytical system

The Four Forces of AI Power.

A connected framework for understanding capability ceilings, power concentration, and long-horizon capital flows in the AI economy.

Compute

The hardware, scaling strategies, and capital intensity that determine frontier participation and valuation ceilings.

Interface

The surfaces and agents where perception is shaped, influencing visibility, trust, and capital direction.

Alignment

The interpretive regimes governing model behavior, narrative framing, and how institutions are understood by AI systems.

Energy

The physical and economic constraints that determine which AI systems scale—and where capital ultimately concentrates.

Explore the frameworks →Institutional Strategy Framework →Canonical definitions →

Benchmarks & diagnostics

Make the structure legible.

Explore institutional interpretation, structural scarcity, and AI positioning through exmxc’s analytical instruments.

Entity Clarity Index

Industry reports examining how companies are interpreted, trusted, and surfaced by AI systems.

Explore ECI →

sPEG Index Series

Scarcity-Adjusted PEG extends the standard PEG ratio to incorporate bottleneck control, replacement difficulty, and supply concentration.

Explore sPEG →

AI Power Lens

Search a company or ticker to explore its AI Power Index, Four Forces profile, structural scarcity, and evidence boundaries.

Open Power Lens →

Run an Institutional Review →Institutional Standards Lab →AI Power Lens →Scarcity-Durability Framework →

Human judgment · AI instrumentation

Experience sets the questions.
Evidence shapes the answer.

exmxc studies how AI systems interpret, amplify, and suppress entities—and how those dynamics shape institutional positioning, capital flows, valuation, and long-term advantage.

Founded by Mike Ye, an M&A and corporate development executive with 25+ years of transaction leadership at Penske Media Corporation, L Brands, and Intel Capital.

Ella contributes pattern interpretation, structural analysis, and co-authorship. Human judgment governs the work.

About exmxc →Leadership & Doctrine →

Intelligence precedes capital.

Structure determines durable advantage.

Perception drives capital allocation.

Intelligenceprecedes capital.