An Interview with Tailscale Co-Founder and CEO Avery Pennarun

An interview with Tailscale CEO and co-founder Avery Pennarun about Tailscale, and how he’s been learning to build a New Internet his whole life. | Continue reading


@stratechery.com | 1 day ago

OpenAI API Updates, Steelmanning the API Business, The Problem With Both

OpenAI has compelling new updates to their API that should be good for the API business; is that good for OpenAI? | Continue reading


@stratechery.com | 2 days ago

A Google I/O Idea, The Smartphone AI Value Chain, Apple’s Developer Hang-Ups

More on Apple and AI, this time through the lens of Google's point of integration and where Apple should be in response. Plus, why Apple is so hostile to developers. | Continue reading


@stratechery.com | 3 days ago

Apple AI’s Platform Pivot Potential

Apple AI is delayed, and Apple may be trying to do too much; what the company ought to do is empower developers to make AI applications. | Continue reading


@stratechery.com | 4 days ago

An Interview with Michael Nathanson About the Streaming Endgame

An interview with Michael Nathanson about the endgame for traditional media companies as the streaming wars near their end, plus AI bubble questions and the future of analysis. | Continue reading


@stratechery.com | 8 days ago

Alexa+, A Brief History of Alexa, Amazon — and Apple’s — Mistake

Alexa+ looks amazing, and that's exactly my problem with it: Amazon is trying to do too much, must like Apple did with new Siri | Continue reading


@stratechery.com | 9 days ago

More TSMC Fabs in the U.S., Taiwan’s Trump Card

TSMC announced new fabs in the U.S., but without dates and processes it's safe to assume Taiwan is keeping its Silicon Shield. | Continue reading


@stratechery.com | 10 days ago

Microsoft EOLs Skype, Skype’s Founding, Microsoft’s Skype Charity

Microsoft is pulling the plug on Skype, a service they never should have acquired and on which they spent way too much time and money; I'm still sad. | Continue reading


@stratechery.com | 11 days ago

An Interview with Benedict Evans About AI Unknowns

An interview with Benedict Evans about AI lessons over the last year, and the many unresolved issues that will impact industry structure going forward. | Continue reading


@stratechery.com | 15 days ago

More Chip Curbs?, Google LLM Status Check

Ending the chip ban might be a mistake; I just hope people pushing for more realize that could be wrong as well. Then, Google's current position with LLMs, and the importance of GCP. | Continue reading


@stratechery.com | 16 days ago

AI Promise and Chip Precariousness

The AI industry is more exciting than ever, but the chip situation is very precarious and requires drastic action. | Continue reading


@stratechery.com | 17 days ago

The iPhone 16e; Apple Intelligence Table Stakes; Apple vs. U.K, Continued

The iPhone 16e is more expensive than the SE it replaces, but the situation is probably temporary as Apple resets its lineup for Apple Intelligence | Continue reading


@stratechery.com | 18 days ago

An Interview with Manna Founder and CEO Bobby Healy About Drone Delivery

An interview with Manna founder and CEO Bobby Healy about drone delivery: how does it work, what is the regulatory landscape, and why the suburbs will be the place to be. | Continue reading


@stratechery.com | 22 days ago

Encryption and the Uneasy Compromise, Netflix Earnings, The Aggregator’s Compounding Advantage

More on the U.K. vs. Apple, and then Netflix's earnings demonstrate how an Aggregator's advantage compounds via pricing power. | Continue reading


@stratechery.com | 23 days ago

Grok-3, The Nvidia Shortcut, Competitive Implications

Grok-3 appears to be state of the art; that speaks to the power of Nvidia, and actually increases the pressure to spend more. | Continue reading


@stratechery.com | 24 days ago

An Interview with Uber CEO Dara Khosrowshahi About Aggregation and Autonomy

An interview with Uber CEO Dara Khosrowshahi about taking over Uber in crisis, managing dynamic marketplaces, and the value chain for autonomous vehicle ride-sharing. | Continue reading


@stratechery.com | 29 days ago

Super Bowl Ratings, Netflix to Bid on F1?, Thomson Reuters v. Ross Intelligence

The Super Bowl drew record ratings even if it wasn't a big deal on social media; the NBA has the opposite problem. Is consolidation of media the way? Then, a new court case about AI. | Continue reading


@stratechery.com | 1 month ago

The U.K. Demands Back Door From Apple, Elon Musk’s OpenAI Bid

The U.K. demands Apple build a back door into its products; Apple is more likely to leave the country. Then, Musk messes with OpenAI. | Continue reading


@stratechery.com | 1 month ago

Deep Research and Knowledge Value

Deep Research is an AGI product for certain narrow domains; it's ability to find anything on the Internet will make secret knowledge all the more valuable. | Continue reading


@stratechery.com | 1 month ago

An Interview with ServiceNow CEO Bill McDermott about Enterprise AI Agents

An interview with ServiceNow CEO Bill McDermott about his life story, leadership, and why ServiceNow is the right platform for enterprise AI agents. | Continue reading


@stratechery.com | 1 month ago

Google Earnings, Search Status, China Antitrust Actions

Investor disappointment in Google is overwrought, while Search is showing some positive results from AI. Then, China is investigating Google and Apple for very different reasons. | Continue reading


@stratechery.com | 1 month ago

Apple Earnings, OpenAI Deep Research, The Unbundling of Substantiation

I give my analysis of Apple's Earnings, and then OpenAI Deep Research does the same, demonstrating the unbundling of substantiation from creation. | Continue reading


@stratechery.com | 1 month ago

The De Minimis Loophole, Impact on Amazon and Meta, AI and Abundance

Trump's new tariffs take aim at the de minimis exception, which has undergirded Temu and Shein growth, and had knock-on effects on Amazon and Meta. | Continue reading


@stratechery.com | 1 month ago

An Interview with Matthew Ball About the Gaming Slump

An interview with Matthew Ball about the current (bad) state of the gaming industry, including mobile, consoles, and why the PC has better prospects. | Continue reading


@stratechery.com | 1 month ago

Microsoft Earnings, Meta Earnings

Microsoft and Meta both emphasized their optionality as models become a commodity. | Continue reading


@stratechery.com | 1 month ago

Asianometry on Japan’s Chemical Dominance, Stratechery Updates, and Chinese New Year Schedule Changes

Chinese New Year wishes, and a scheduling adjustment. | Continue reading


@stratechery.com | 1 month ago

The OpenAI Critique, Comparative Advantage and Infrastructure, Aggregation Theory and Cheap AI

Further grappling with DeepSeek implications, including the lack of focus in U.S. tech companies, the problem with comparative advantage, and the possibility of zero marginal cost AI. | Continue reading


@stratechery.com | 1 month ago

DeepSeek FAQ

DeepSeek has completely upended people's expectations for AI and competition with China. What is it, and why does it matter? | Continue reading


@stratechery.com | 1 month ago

An Interview with Daniel Gross and Nat Friedman About Models, Margins, and Moats

An interview with Daniel Gross and Nat Friedman about Stargate, DeepSeek, and where the margins and moats will come with models. | Continue reading


@stratechery.com | 1 month ago

Stargate, The End of Microsoft and OpenAI

OpenAI's Stargate announcement and revised deal with Microsoft mark the end of the relevant portion of their partnership. | Continue reading


@stratechery.com | 1 month ago

Stratechery Updates, DeepSeek-R1, DeepSeek Implications

DeepSeek, a Chinese company, has a reasoning model similar to o1, except that it is actually open. | Continue reading


@stratechery.com | 1 month ago

An Interview with Jon Yu About YouTube and Making Semiconductors

An interview with Asianometry founder Jon Yu about starting and running a successful YouTube channel, how semiconductors are made, and the past and future of Intel and TSMC. | Continue reading


@stratechery.com | 1 month ago

Stratechery Plus + Asianometry

Back in 2022, I rebranded a Stratechery subscription as Stratechery Plus, a bundle of content that would enhance the value of your subscription; today the bundle includes: Today I am excited to announce a new addition: the Asianometry newsletter and podcast, by Jon Yu. Asianometr … | Continue reading


@stratechery.com | 1 month ago

No Update: Delayed Interview

No Stratechery Interview due to technical difficulties | Continue reading


@stratechery.com | 1 month ago

TikTok Ban Approaches, Generational Implications, Xiaohongshu

The TikTok ban is approaching; what happens if the service actually goes away? Then, why China will misunderstand the Xiaolongshu phenomenon | Continue reading


@stratechery.com | 1 month ago

AI Diffusion Regulations, Closing Loopholes, The Objections

The Biden administration has a raft of new regulations aimed at limiting AI exports; the motivation makes sense, but the precedent and second-order effects are worrisome. | Continue reading


@stratechery.com | 1 month ago

AI’s Uneven Arrival

o1/o3 points the way to AGI, which is AI that can complete tasks; it may take longer for most companies to adopt them than you might think — just look at digital advertising. | Continue reading


@stratechery.com | 2 months ago

An Interview with Anduril Co-Founder and CEO Brian Schimpf About Paradigm Shifts

An interview with Anduril co-founder Brian Schimpf about the Lattice SDK, competing for the Collaborative Combat Aircraft Program, and building AI with Palantir. | Continue reading


@stratechery.com | 2 months ago

Meta Changes Moderation Policies, Zuckerberg’s Journey — and Mine, The Audacity of Copying Well

Mark Zuckerberg is making big changes to Meta's moderation policies; it's the next step in a journey that has been more nuanced than people think — and it's one I relate to. | Continue reading


@stratechery.com | 2 months ago

Nvidia at CES, Cosmos and Omniverse, Digits

Nvidia's keynote at CES demonstrated how it is becoming the transformer company. | Continue reading


@stratechery.com | 2 months ago

Holiday Break: December 23rd to January 3rd

Stratechery is on holiday from December 23, 2024 to January 3, 2025; the next Stratechery Update will be on Monday, January 6. In addition, the next episode of Sharp Tech will be on Monday, January 6, the next episode of Dithering will be on Tuesday, January 7. Sharp China will r … | Continue reading


@stratechery.com | 2 months ago

The 2024 Stratechery Year in Review

The most popular and most important posts on Stratechery in 2024. | Continue reading


@stratechery.com | 2 months ago

Rapidus, The End of Economic Rationality, AI Disruption

Rapidus, Japan's new foundry on the leading edge, doesn't make economic sense; it is one of many examples in that regard, as the world enters a new age of uncertainty and AI. | Continue reading


@stratechery.com | 2 months ago

Google Announces Veo 2, The Empire Strikes Back, Free ChatGPT Search

Google Veo 2 is the next blow-your-mind moment in generative AI, and represents Google maximizing its strengths; OpenAI, though, is steadily working on disrupting Search. | Continue reading


@stratechery.com | 2 months ago

Intel’s Death and Potential Revival

Intel died when mobile cost it its software differentiation; if the U.S. wants a domestic foundry, then it ought to leverage the need for AI chips to make an independent Intel foundry viable. | Continue reading


@stratechery.com | 3 months ago

The Gen AI Bridge to the Future

Generative AI is the bridge to the next computing paradigm of wearables, just like the Internet bridged the gap from PCs to smartphones. | Continue reading


@stratechery.com | 3 months ago

A Chance to Build

Silicon Valley has always been deeply integrated with Asia; Trump's attempt to change trade could hurt Silicon Valley more than expected, and also present opportunities to build something new. | Continue reading


@stratechery.com | 3 months ago

Meta’s AI Abundance

Meta is well-positioned to the biggest beneficiary of AI and the largest company in the world. | Continue reading


@stratechery.com | 4 months ago