Microsoft’s latest earnings call is the clearest indication yet that the relationship between Microsoft and OpenAI is at best misaligned, and at worst on life support.

Meta’s earnings were as expected, as long as you accept the reality that the company won’t stop spending. Plus, removing ...

Podcasts have arrived as a major factor in the presidential election; being good on podcasts will be a prerequisite for ...

Google Cloud and YouTube subscriptions are helping drive growth; Google’s expanding revenue drivers will help the company thrive with AI.

Stratechery has benefited from a Meta cheat code since its inception: wait for investors to panic, the stock to drop, and write an Article that says Meta is fine — better than fine even — and sit back ...

On the business, strategy, and impact of technology.

Netflix's margin expansion highlight both its business model differentiation and also the advantage it has in maintaining its lead, thanks to getting to scale first. Subscribe to Stratechery Plus to ...

TSMC's earnings highlight foundry economics and the importance of AI; meanwhile ASML and TSMC both give evidence that CPUs are struggling Subscribe to Stratechery Plus to receive full access to ...

In the days after SpaceX’s awe-inspiring Starship launch-and-catch — watch the first eight minutes of this video if you haven’t yet — there was another older video floating around on X, this time of ...