strategy
3 articles
Nadella: Stop Chasing the Strongest Model — What Compounds Is the Learning Loop
Microsoft CEO Satya Nadella on the future of the firm in an AI economy: build two kinds of capital — human capital and token capital. The real moat isn't picking the strongest model, but a learning loop that compounds. Plus a warning: don't let a few models eat every industry.
Anthropic Paid $400M for 9 People — Is Your AI Product a Moat or an API Wrapper?
Anthropic acquired a 9-person biotech AI team for $400M, revealing how model providers eat vertical startups. Huryn outlines three moats: proprietary data, distribution, and trust.
When Intelligence Is Free, What's Actually Valuable? 12 Endgame Positions
Michael Bloch asks what becomes more valuable when AI intelligence is nearly free. His 12 endgame positions include energy, atoms, capital, regulation, trust, proprietary data, attention, network effects, operations, security, physical space, and intelligence itself.