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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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.
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Meta Earnings, Turning Dials, Zuckerberg’s Motivation
Meta is up, despite massive CapEx plans. The company is turning every dial to drive revenue, because Mark Zuckerberg thinks winning in AI is existential.
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TSMC Risk
If hyperscalers and chip companies don’t build up a TSMC competitor they are set to forego billions of dollars in revenue and stunt the AI revolution.
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Ads in ChatGPT, Why OpenAI Needs Ads, The Long Road to Instagram
OpenAI finally announced that ads are coming to ChatGPT. It’s an important step, but one with far more risk given the delay — and the delay means the ads aren’t yet the right ones.
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Meta Compute, The Meta-OpenAI Battle, The Reality Labs Sacrifice
Mark Zuckerberg announced Meta Compute, a bet that winning in AI means winning with infrastructure; this, however, means retreating from Reality Labs.
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An Interview with Jeremie Eliahou Ontiveros and Ajey Pandey About Building Power for AI
An Interview with Jeremie Eliahou Ontiveros and Ajey Pandey about how AI labs and hyperscalers are leveraging demand to build out entirely new electrical infrastructure for AI.
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Opus 4.5 and Anthropic’s Aligned Enterprise Strategy, ChatGPT Shopping Research, Meta to Use TPUs?
Anthropic’s Opus 4.5 appears to be a big breakthrough that slots into Anthropic’s enterprise strategy, while ChatGPT gets new consumer features, and Meta might use Google’s TPUs


