Stratechery

An Interview with Palantir CTO Shyam Sankar About the AI Religious War

The AI industry currently prioritizes the supply of intelligence over the diffusion of technology into real-world economic workflows. Shyam Sankar, CTO of Palantir, argues that companies must move beyond treating AI as a mere headcount-reduction tool and instead use it to dominate markets by building unique, sovereign ...

Meta Earnings, Muse and the Frontier, Musebook

Anthropic S-1, The Cost of Compute, Who Is Paying?

Anthropic’s S-1 filing marks a pivotal shift in the AI industry as frontier labs transition to public markets to fund massive compute requirements. Despite impressive 85% gross margins and $16 billion in first-half 2026 revenue, the company faces an $80 billion loss driven largely by fair value charges on debt owed to ...

The End of the Internet