SITUATION EXPLAINED: Why haven't the most intelligence-intensive fields dominated compute demand yet? We asked @braeden_norris, investor at @PropelVC: "We are still early to the higher returns on intelligence fields really capturing more of the compute supply out there. It's probably because it's just more nuanced in how it's applied. It's research-y. It's frontier. It's discovery. The capabilities are harder to manifest in the models as well." "People at the labs have talked about how Eli…