Analysis of technology and media strategy from Ben Thompson.
Nvidia makes another deal, this time with a frontier lab; Anthropic's revenue continues to amaze; and maybe data finally is oil
Stripe is reportedly acquiring OpenRouter, an implicit bet on a future market of models and the chance at Aggregation
The best Stratechery content from the week of August 10, 2026, including the capital constraint, AI writing, and a tale of two cities
Anthropic is adding watermarking in response to the E.U.'s AI law. It's a terrible idea, first and foremost for philosophical reasons
Nvidia is finding new ways for its customers to raise money, and it's expanding the risk of the AI buildout significantly
Apple's earnings (and stock) are limited not by memory but rather chip shortages; then, more on Amazon's earnings and Andy Jassy's market analysis
The best Stratechery content from the week of August 3, 2026, including earnings exposure, OpenAI's answer to Apple, and all about LeBron in Philly
Google's earnings seemed to confirm the Anthropic hedge; it was Andy Jassy who explained why their — and Amazon's — capex was justifiable
Microsoft's earnings were compelling because they showed a clarity of strategy, lower costs, and a tangibility of application. The reason why is scarier
Meta's earnings were a bit disappointing; future promises about AI products were more disconcerting
Stratechery is on vacation the week of July 27. There will be no Weekly Article or Updates. The next Update will be on Monday, August 3. Sharp Tech, and Greatest of All Talk will also return the week of August 3. Sharp China and Asianometry will continue to publish, and there will be one episode of Dithering next week. The […]
The best Stratechery content from the week of July 20, 2026 including Chinese models and frontier futures, what happened to Hugging Face, and the NBA and its second apron bet