Meta
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Meta is well-positioned to the biggest beneficiary of AI and the largest company in the world.
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Meta is once again facing investor skepticism over its spending; I can understand reasonable doubt in the short and medium term, but the long-term bet on Mark Zuckerberg still seems worth making.
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Meta is making lots of noise about being open, in everything from AI to the metaverse. This isn’t desperation: it’s smart strategy that understands Meta’s true differentiation.
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Meta deserves a bit of a discount off of its recent highs, but a number of myths about its business have caused the market to over-react.
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Meta’s new hardware is more impressive than expected, and the Microsoft partnership makes a lot of sense. The question is if Meta will capture enough value to outweigh their costs.
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Facebook’s reorganization into Meta is the ultimate bet on the power of founder control.
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Amazon’s Durability
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.
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Google Earnings, Meta Earnings
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).
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AI Hardware, Meta Display, Redefining VR and AR
I finally tried the Meta Ray-Ban Display, and it completely changed how I think about AR and VR.
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Mythos, Muse, and the Opportunity Cost of Compute
Does Aggregation Theory survive in a world of constrained compute? Yes, insomuch as controlling demand will give power over supply.
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An Interview with Arm CEO Rene Haas About Selling Chips
An interview with Arm CEO Rene Haas about the company’s decision to not just license IP but make their own chips.
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Arm Launches Own CPU, Arm’s Motivation, Constraints and Systems
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.
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An Interview with Ben Thompson by John Collison on the Cheeky Pint Podcast
An interview with me by John Collison on the Cheeky Pint podcast about AI, ads, and the history of Stratechery.
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Amazon Earnings, CapEx Concerns, Commodity AI
Amazon’s massive CapEx increase makes me much more nervous than Google’s, but it is understandable.
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Google Earnings, Google Cloud Crushes, Search Advertising and LLMs
Google announced a massive increase in CapEx that blew away expectations; the companies earnings results explain why the increase is justified.
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An Interview with Benedict Evans About AI and Software
An interview with Benedict Evans about the crisis facing software, the future of the corporation, OpenAI, and the struggle to define the LLM paradigm.