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
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
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
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
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
GPUs as Collateral
The Ticking Clock
The numbers coming out of the "neocloud" space this week were, as is typical these days, completely dizzying. CoreWeave, the publicly-traded bellwether for this new category of AI infrastructure providers, saw its revenue more than double to $1.36 billion for the quarter. Its rival,
