Strategy
Netflix Renewed Me. Until I Worried It Wouldn't Renew My Shows.
I cancelled Netflix three months ago, and I've spent much of the time since asking myself why. On paper it makes little sense. Netflix isn't overtly expensive. The recommendation engine is the best in the business. There was a mountain of stuff I hadn't
AI
Nvidia Is Becoming the AI Nation-State
There is plenty of talk about circular financing in AI, especially around Nvidia. The concern is legitimate. But the phrase carries historical baggage. In its worst forms, circular financing manufactured the appearance of demand: a vendor financed its own customers and then presented those purchases as evidence of genuine, independent
Meta
THE BUT-IT'S-FUCKING-AMAZING FALLACY
I have been thinking more on this quote from the Meta and AGI article earlier in the feed: “But willingness to make enormous bets, and judgment about which enormous bets to make, are very different CEO capabilities.” I think there is much to learn from Segway. Back in the early
Meta Needs AI but maybe not AGI
Meta Needs AI but maybe not AGI Why is Meta trying to compete at the AI frontier and pursue “personal superintelligence”? It is a question I return to every earnings call, because Zuckerberg has yet to offer an economically compelling answer. Meta unquestionably needs AI. Machine learning drives ad targeting,
AI
Flight to Apple
Recently, Apple stock has been behaving like a flight to tech safety investment. The more people panic about hyperscaler capex, the more attractive Apple stock seems to become to them. But do we think this is rational? Well, I will have more to say about the hyperscaler capex panic (spoiler: