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Microsoft's $30 Billion Round Trip

Programming note: We've just released our new thematic report: Enterprise AI Monetization: 2025 Scorecard. It's a 24-page analysis deconstructing how software giants are winning the AI revenue race—and who is falling behind. Access a free copy here. The Infinite Cash Glitch If you loan a
Microsoft's $30 Billion Round Trip

China's Efficiency Hack

The Post-Text Pivot We talked recently about how the "Scale is All You Need" dogma—the Silicon Valley belief that you just need vastly more compute to process vastly more data—is running headfirst into the laws of physics. It turns out that even if you have infinite
China's Efficiency Hack

Meta's Chief Scientist Hates LLMs

Programming note: We've just released our thematic report: Mapping the Neocloud Landscape. It’s a 25-page analysis deconstructing the dynamic between hyperscalers and neoclouds, the capital flows, and the financial risks. Access a free copy here. Is a Cat Smarter Than ChatGPT? It is probably poor career strategy
Meta's Chief Scientist Hates LLMs

Will Google Gemini Turn Search Into a Dead End for the Web?

Google launched Gemini 3 this week, its most powerful AI model yet, with a suite of new features designed to keep it at the forefront of the AI race. While the company touted its lead on industry benchmarks, the most radical and potentially disruptive new feature wasn't about

Samsung's Pricing Power

The "Boring" Memory Chip Just a few months ago, the story of the AI memory market was simple: SK Hynix was the new king, and Samsung, the long-reigning monarch, had been humbled. Having masterfully aligned itself with Nvidia, SK Hynix became the dominant supplier of High Bandwidth Memory
Samsung's Pricing Power

Is AI About to Hit a 'Memory Wall'?

The semiconductor industry has officially entered a new "supercycle," and the evidence is in the numbers. Recent third-quarter earnings reports from memory chip giants Samsung and SK Hynix show their inventories have fallen to record lows, causing prices for both specialized and general-purpose memory to surge. The driving

Anthropic's OpenAI Moment

The Gunslinger There are, it seems, two ways to build a world-changing AI company. The first is the OpenAI way: you raise money at a blistering pace, you spend it at an even more blistering pace, and you bet that by building the biggest, most powerful models—for text, for
Anthropic's OpenAI Moment

Is Google Maps the Secret Weapon in the AI War?

Google just announced a major AI upgrade for Google Maps, integrating its powerful Gemini model to create a "hands-free, conversational driving experience." The new features, which include landmark-based navigation and proactive traffic alerts, are being positioned as helpful, incremental improvements. But a closer look reveals a far more