#StRateChery

Nvidia is finding new ways for its customers to raise money, and it’s expanding the risk of the AI buildout significantly.

Everyone is worried about Chinese models, but the frontier labs will be fine; we need to enable open U.S. alternatives.

There are understandable reasons for people to oppose data centers; the only solution that will work is simply paying them off.

Google I/O put AI everywhere, for better and for worse. Meanwhile, is DeepMind aligned with Google’s business objectives?

An interview with Parallel founder Parag Agarwal about valuing content and incentivizing its creation in a world of agents (plus questions about Twitter).

The best Stratechery content from the week of May 18, 2026, including data center discontent, agent economics, and slime mold.

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

There isn’t a financial model that justifies the SpaceX IPO, but data centers in space are plausible, and that might be enough.

An Interview with Eric Seufert about building models for generative AI, why Meta’s foundational models are so important, and why understanding advertising leads to optimism about humanity&#82…

The best Stratechery content from the week of May 25, 2026, including why everyone hates Luce, how to monetize AI answers, and social mobility in China.

From Stratechery: An Interview with Ben Thompson at the MoffettNathanson Media, Internet & Communications Conference

The Anthropic xAI deal is shocking but not surprising: Musk should double down on serving other companies.

The best Stratechery content from the week of May 4, 2026, including what we learned from Big Tech’s first quarter, a conversation with Joanna Stern, and asking what’s next for the Bost…

An interview with Joanna Stern about her new book about living with AI, and starting her own media company.

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 …

Amazon’s earnings suggest that the shift away from training towards inference and agents means their bet on Trainium is paying off. Plus, additional notes on ads, agents, and sports rights.

Intel’s earnings were very impressive, but the chief driver was a structural shift in demand for CPUs for AI. Plus, what is going on with Terafab?

I finally tried the Meta Ray-Ban Display, and it completely changed how I think about AR and VR.

The best Stratechery content from the week of April 27, 2026, including the end of the Tim Cook era, Cursor and SpaceX, and the various fronts of Cold War 2.0.

The elevation of John Ternus suggests that Apple’s future is about hardware differentiation; then, the SpaceX-Cursor deal makes a lot of sense.