ai-supremacy.com

Codex, Cursor and the Great Beyond

Anthropic's Claude earns more revenue per user than ChatGPT does. That emphasis on B2B and superiority in coding models is really turning out to be a better commercial strategy.

stratechery.com

The Google Capital Company

One of the characteristics of an Aggregator like Google is the way in which they maximize absolute value at the expense of relative value. For supply — i.e. content on the web — Google dramatically increases the number of visitors, even as the value of any one visitor who comes from Google is worth much less than a visitor who visits directly; for an advertiser, the value of one click makes up for thousands of impressions of an ad that make no difference; for a user, Google helps them discover what they are looking for amidst the overwhelming abundance that is downstream from distribution being free.

ai-supremacy.com

What if there's only One Major AI Winner?

This isn't a model or compute story, this is a product execution and business strategy story.

upstartsmedia.com

Exclusive: Why Gainsight Is Going All-In On AI Services Over SaaS

But our fundamental belief is that Atlas, and the AI native services business, has a larger market.

stratechery.com

Nvidia Earnings, The AI Stack, Nvidia’s New Reporting

Nvidia is changing its reporting to delineate between hyperscaler sales — where Nvidia is fighting commoditization — and everyone else, where Nvidia runs the whole stack.

wired.com

Shein Buying Everlane Actually Makes Perfect Sense

The acquisition struck many people as a bizarre mismatch, but it's really a sign of where Chinese ecommerce giants are already going.

stratechery.com

The Deployment Company, Back to the 70s, Apple and Intel

Agents aren't copilots; they are replacements. They do work in place of humans — think call centers and the like, to start — and they have all of the advantages of software: always available, and scalable up-and-down with demand.

stratechery.com

Amazon’s Durability

Amazon, more than any other company, actually operates with decade-long timeframes, consistently making real-world investments at massive scale that (1) convert their marginal costs into capital costs and (2) gain leverage on those capital costs by selling them to other businesses.

stratechery.com

An Interview with Google Cloud CEO Thomas Kurian About the Agentic Moment

as AI models have become more sophisticated, we see customers evolving the use of AI models from being used to answer questions in a chatbot-like fashion, to actually automating tasks on their behalf, and to automate process flows within the organization.

stratechery.com

An Interview with New York Times CEO Meredith Kopit Levien About Betting on Humans With Expertise

We are first and foremost a high quality independent news journalism company, that is our mission, it is the most value-creating thing we do for society and economically, and that is by miles.

readtrung.com

The Disneyland Dilemma

Parks & Cruises is putting up these numbers while being only a ~1/3 of Disney's $94B revenue. The division is floating Disney's entire transition from dying cable TV assets to streaming….which has been a bumpy ride.

notboring.co

Bad Analogies

There are a million little details that made Bezos' plan work, all of which, and the connections between them, were taken into consideration. Get to scale category-by-category, starting with the ones best suited to the internet, build an unmatched distribution and logistics network, drive down prices and delivery times, get more scale, grow the distribution network, drive down prices, make the "divinely discontent" customers discontent with anything slower or more expensive than what they'd come to expect with Amazon, get them hooked on Prime, paying a subscription and ordering more, keep pressing the advantage, grow FCF per share.

stratechery.com

Apple’s 50 Years of Integration

For decades after the fact, conventional wisdom was that Microsoft's modular approach — the one that let me build my own computers — was unquestionably superior to Apple's integration of hardware and software. In fact, it was Apple's integration that kept the company afloat.

stratechery.com

2026.13: So Long to Sora

If you wanted more evidence that AI is changing everything, look no further than Arm: the company was famous for its high margin IP-licensing business model, but this week announced that instead of (just) facilitating other company's making chips, it would start making and selling chips itself.

wired.com

Arm Is Now Making Its Own Chips

The chip design firm says Meta, OpenAI, Cerebras, and Cloudflare are among the first customers of its new artificial intelligence hardware.

jefftweedy

GEAR TALKIN'™ #23: White Amplifiers

There is an argument that without the organizational skills and production strategy Forrest brought to the table, Fender may have not been able to make the jump from a comparatively small builder to the mammoth industry leader it became.

whyisthisinteresting

The Exit Permit Edition

What makes Kuwait's move so striking is that the rest of the Gulf has spent the last five years moving decisively in the opposite direction — and for reasons that have nothing to do with conscience. Qatar, under the sustained commercial pressure of World Cup scrutiny, eliminated exit permit requirements for most workers in 2020. The UAE has significantly loosened job-change restrictions, and Bahrain has done the same. These were pragmatic, strategic pivots by governments that understood something important: if you want to attract the global professional class — the fund managers, the architects, the regional directors choosing between Dubai and Singapore — you cannot run a labor system that treats people as controlled assets.