Nvidia earnings are the wrong place to look for evidence of an AI bubble; the company’s margins should be safe if power is ...

Anthropic’s Opus 4.5 appears to be a big breakthrough that slots into Anthropic’s enterprise strategy, while ChatGPT gets new ...

The best Stratechery content from the week of November 17, 2025, including the arrival of Gemini, the most takeable companies ...

OpenAI is declaring code red and doubling down on ChatGPT, highlighting the company’s bear case. Then, AWS makes it easier to run AI workloads on other clouds. Subscribe to Stratechery Plus for full ...

Nvidia earnings are the wrong place to look for evidence of an AI bubble; the company’s margins should be safe if power is the limiting factor. An interview with Eric Seufert about the right ...

Nvidia earnings are the wrong place to look for evidence of an AI bubble; the company’s margins should be safe if power is the limiting factor. An interview with Eric Seufert about the right ...

ChatGPT is getting group chats, a long-standing Stratechery feature request. It’s also a clear attach against Meta, who can’t respond because of encryption, while Google looms. An interview with Unity ...

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 Gemini 3 is out, and ...

Robotaxis are poised to further close the delta between suburbs and the city; the city (and Uber) might never recover.