An interview with me about the implications of the compute shortage on Aggregation Theory, consumer AI, and more. | Continue reading
OpenAI is forming a new company to deploy AI, and the other labs aren't far behind, reinforcing the thesis that AI's impact will require top-down implementation. Then, Apple has economic reasons to work with Intel. | Continue reading
The Anthropic xAI deal is shocking but not surprising: Musk should double down on serving other companies. | Continue reading
Agentic inference is going to be different than the inference we use today, and it will change compute infrastructure because speed won't matter when humans aren't involved. | Continue reading
The best Stratechery content from the week of May 4, 2026, including what we learned from Big Tech's first quarter, a conversation with Joanna Stern, and asking what's next for the Boston Celtics. | Continue reading
An interview with Joanna Stern about her new book about living with AI, and starting her own media company. | Continue reading
Microsoft unveils its new agentic business model, and Apple confronts shortages in memory and chips even as the Mac benefits from AI. | Continue reading
Amazon looked behind in AI in the training era, but is well place in the inference era, thanks to its continued investment in the long-term. | Continue reading
Wall Street loved Google's earnings, and hated Meta's, even though the latter's core business was more impressive. The difference is that Google is monetizing its investments now (and it might be all Anthropic). | Continue reading
The best Stratechery content from the week of April 27, 2026, including Amazon and AI, the future of AR devices, and Beijing's myopia. | Continue reading
Amazon's earnings suggest that the shift away from training towards inference and agents means their bet on Trainium is paying off. Plus, additional notes on ads, agents, and sports rights. | Continue reading
Intel's earnings were very impressive, but the chief driver was a structural shift in demand for CPUs for AI. Plus, what is going on with Terafab? | Continue reading
An interview with OpenAI CEO Sam Altman and AWS CEO Matt Garman about their new partnership, plus my thoughts on OpenAI and Microsoft's new deal. | Continue reading
I finally tried the Meta Ray-Ban Display, and it completely changed how I think about AR and VR. | Continue reading
The best Stratechery content from the week of April 27, 2026, including the end of the Tim Cook era, Cursor and SpaceX, and the various fronts of Cold War 2.0. | Continue reading
An interview with Google Cloud CEO Thomas Kurian about Google's cloud priorities, enterprise agent platform, and Google’s integration advantage. | Continue reading
The elevation of John Ternus suggests that Apple's future is about hardware differentiation; then, the SpaceX-Cursor deal makes a lot of sense. | Continue reading
Tim Cook had an extraordinary run — and impeccable timing, both in terms of when he became CEO, and when he is stepping down. | Continue reading
TSMC's earnings suggest that the company's leadership is not truly bought into the AI growth story. | Continue reading
The best Stratechery content from the week of April 13, 2026, including the cost of AI, what Amazon is doing with Globalstar, and Nico Rosberg on racing and investing. | Continue reading
An interview with former F1 driver and current venture capitalist Nico Rosberg about finding the mental edge and maximizing opportunities. | Continue reading
Apple's Globalstar acquisition is being framed as Apple versus SpaceX, but I think the real story is about Apple. | Continue reading
Breaking down OpenAI's internal memo about taking on Anthropic in the enterprise. | Continue reading
Does Aggregation Theory survive in a world of constrained compute? Yes, insomuch as controlling demand will give power over supply. | Continue reading
The best Stratechery content from the week of April 6, 2026, including Anthropic, The New York Times and another paradigm shift, and The New Yorker explains Sam Altman. | Continue reading
An interview with New York Times Company CEO Meredith Kopit Levien about human expertise as a moat against Aggregators and AI. | Continue reading
Anthropic says its new model is too dangerous to release; there are reasons to be skeptical, but to the extent Anthropic is right, that raises even deeper concerns. | Continue reading
Anthropic needs compute, and Google has the most: it's a natural partnership, particularly for Google. | Continue reading
OpenAI's purchase of TBPN makes no sense, which may be par for the course for OpenAI. Then, AI is breaking stuff, starting with tech services. | Continue reading
The best Stratechery content from the week of March 30, 2026, including Formula 1 spinning off track, Apple's first and next 50 years, and security and AI. | Continue reading
An interview with Asymco's Horace Dediu about his career in tech, Apple's first 50 years, and the prospects for the next 50, particularly in the face of AI | Continue reading
AI is going to be bad for security in the short-term, but much better than humans in the long-term. | Continue reading
Apple has survived 50 years by being the only company integrating hardware and software; if the company loses because of AI it will be because the point of integration changes. | Continue reading
The best Stratechery content from the week of March 23, 2026, including saying RIP to Sora, the 2026 Bullseye list, and Arm's big shift. | Continue reading
An interview with Arm CEO Rene Haas about the company's decision to not just license IP but make their own chips. | Continue reading
Arm is selling its own chips, not just licensing IP. It's a big change compared to Arm's history, but not surprising given how computing is evolving. | Continue reading
The best Stratechery content from the week of March 16, 2026, including everything not written, what Jensen Huang has in common with Steve Jobs, and Trump's delayed trip to Beijing. | Continue reading
Stratechery is on a bit of a disjointed Spring Break, as my usual week off will be spread out: I will return to my usual posting schedule on Tuesday, March 31. All other Stratechery Plus content, including my podcasts, will stay on schedule. | Continue reading
GTC 2026 marked an important inflection point for Nvidia, as the company is selling multiple architectures, instead of focusing on just one GPU. The motivation is serve all needs and keep all customers. | Continue reading
An interview with Nvidia CEO Jensen Huang about his GTC 2026 keynote, navigating China and DC, and remembering Nvidia's true nature. | Continue reading
Agents are fundamentally changing the shape of demand for compute, both in terms of how they work and in terms of who will use them. They're so compelling that I no longer believe we're in a bubble. | Continue reading
The best Stratechery content from the week of March 9, 2026, including integration and AI, the Team Test and a basketball disgrace, and the US, China and Iran. | Continue reading
An interview with MoffettNathanson's Robert Fishman about the current state of Hollywood, including Netflix, Paramount, YouTube, Disney, and Amazon. | Continue reading
Oracle crushed earnings in a way that not only speaks to the secular AI wave they are riding but also to Oracle's strong position | Continue reading
Microsoft is seeking to commoditize its complements, but Anthropic has a point of integration of their own; it's good enough that Microsoft is making a new bundle on top of it. | Continue reading
The MacBook Neo was built to be cheap; that it is still good is not only a testament to Apple Silicon, but also the fact that the most important software runs in the cloud. | Continue reading
The best Stratechery content from the week of March 2, 2026, including Anthropic and the military, U.S. history and our political present, and Apple going downmarket. | Continue reading
An interview with Gregory Allen about Anthropic's dispute with the U.S. government. | Continue reading