LinkedIn icon Facebook icon Twitter icon
Interconnected
  • About
  • Quarterly and Annual Letters
  • Sovereign AI
  • Substack Edition
  • Mr. Market
  • Open Source
  • Cloud War
  • Long-Form Profiles
  • Archive
Subscribe

Archive

  • 12, Aug - ($) P(Grand Bargain) = 55%
  • 05, Aug - From DeepSeek-R1 to gpt-oss
  • 29, Jul - ($) H20 and the Broken Export Control Debate
  • 23, Jul - Five Interesting Things about the White House AI Action Plan
  • 20, Jul - Q2 2025 Update: Equanimity Investing
  • 12, Jul - ($) Lip-Bu Tan: the Tiger Dad Intel Needs
  • 04, Jul - A New Father's Reflections on the American Dream
  • 25, Jun - China's Structural Advantage in Open Source AI
  • 15, Jun - ($) Oracle Cloud: the Largest "Chinese Cloud" in America?
  • 08, Jun - Contours of a US-China Tech Grand Bargain
  • 02, Jun - ($) Two Charts That Matter in Mary Meeker’s AI Deck
  • 25, May - “Overachievement”: Xiaomi's Decade-Long Chip Development Journey
  • 21, May - ($) Is 2025 the Year of the AI RIF?
  • 18, May - The Middle East Swings to American AI
  • 04, May - ($) Q1 2025: Trust the Process, Trust the Temperament
  • 01, May - Benchmark Invests in Manus: VC Math vs Geopolitics Math
  • 22, Apr - ($) Huawei's Global AI Ambition: The Core Depends on The Soul
  • 15, Apr - NVIDIA: Made in America (by Taiwan)
  • 06, Apr - ($) This Time is NOT like Covid
  • 25, Mar - CoreWeave vs Nebius
  • 21, Mar - An Ordinary Analogy to Understand Pre-Training, Test-Time Compute, Inference
  • 11, Mar - ($) Manus vs Gemini vs GPT: the Junior Stock Analyst
  • 04, Mar - Has American Soft Power Peaked?
  • 25, Feb - ($) Alibaba Cloud: No Longer Ignored
  • 17, Feb - Nebius Part 2: Cash, Optionalities, Challenges
  • 17, Feb - Nebius Part 1: the Smooth (Developer) Operator
  • 07, Feb - ($) DeepSeek Diffusion
  • 02, Feb - 2024 Annual Letter: Generational Company, Generational Wealth
  • 22, Jan - ($) Stargate is America’s Sovereign AI
  • 12, Jan - Was Zuck Right about Chinese AI Models?
  • 03, Jan - ($) DeepSeek's Three Idiosyncratic Advantages
  • 22, Dec - ($) 2025: Year of (Software) Picks and Shovels
  • 17, Dec - ($) Why is China Investigating Nvidia: Blackwell
  • 11, Dec - Self Re-Introduction – 2024 Edition
  • 05, Dec - Robin Zeng: CATL’s Prodigious Gambler
  • 18, Nov - What Does Hitting Scaling Law Limit Mean for US-China AI Competition
  • 12, Nov - See the World Accurately
  • 02, Nov - Q3 2024: Clock Starts Anew
  • 23, Oct - Time to Let Ant IPO!
  • 14, Oct - ($) The US-China AI Gap Widens in 2026
  • 09, Oct - TikTok and Semiconductors -- Contributions for the Asia Society
  • 02, Oct - Is China Investable Now?
  • 18, Sep - GitLab, GitHub, the AI Model Divide
  • 12, Sep - ($) Apple vs Huawei: Boomer vs Startup
  • 05, Sep - NVIDIA's Antitrust Probe is a "Pick One from Two" Problem
  • 30, Aug - Nashville and the 45 Second Commute
  • 25, Aug - ($) Alibaba (Finally) Gets Its Retail Fanbase
  • 16, Aug - 3x3 AI Video Matchup: US vs China
  • 09, Aug - When Volatility is High, Berkshire Calms Me Down
  • 01, Aug - H1 2024 Performance Letter: Arrogant Humility
  • 24, Jul - ($) Llama 3.1 and Its Geopolitical Implications
  • 22, Jul - WSJ, Odd Lots Podcast, Third Plenum on GenAI
  • 15, Jul - Swing Vote of Global AI Competition: the Middle East
  • 03, Jul - ($) OpenAI Bans China
  • 28, Jun - When Two “Presidents” Debate
  • 21, Jun - ($) Software is Why Nvidia Will Not Become Cisco
  • 14, Jun - Software Is Not Dead
  • 30, May - ($) China Cloud Price War
  • 23, May - Huawei Cloud and “AI in the Box”
  • 09, May - ($) Greg Abel Will Power AI
  • 01, May - Q1 2024: Inner Scorecard
  • 24, Apr - ($) TSMC: Where and How Will It Raise Prices
  • 12, Apr - Is Tesla China’s “Catfish”?
  • 17, Mar - ($) Do We Need Sovereign AI?
  • 13, Mar - When the Houthis Found “the Cloud"
  • 08, Mar - ($) Tracking Global AI Talent Flow
  • 27, Feb - Japan's Semiconductor Red Carpet
  • 14, Feb - ($) China’s Provincial GDPs: Pessimism or Sandbagging
  • 08, Feb - Wang Chuanfu: A Name Everyone in the West Should Know
  • 04, Feb - ($) 10-K's and Geopolitics: AMD, Intel, Meta Edition
  • 28, Jan - U.S. Export Control is Hurting Nvidia and Helping Huawei
  • 25, Jan - ($) AI May Have A Gross Margin and Bullshit Revenue Problem
  • 19, Jan - TSMC Hedges Against a CHIPS Act Fail
  • 12, Jan - ($) Less is More: 2023 Annual Letter
  • 03, Jan - 🤷Does China Want Generative AI?
  • 19, Dec - 😍 My 6 Favorite Posts of 2023
  • 13, Dec - ($) Top 5 US-China Tech Stories of 2023
  • 10, Dec - 🍁November Review: Micro Plus Macro and the Roblox Story
  • 05, Dec - ($) AI Spending Against the Price of Time
  • 01, Dec - Nvidia’s China Business is Important to US Geopolitical Positioning
  • 28, Nov - ($) re:Inventing AWS: Keynote Digs and Narratives
  • 17, Nov - Alibaba's Reorg Hot Mess
  • 15, Nov - ($) The Age of Not Obvious: China in September 2023
  • 12, Nov - China May Stay Permanently Behind the US in Generative AI
  • 05, Nov - ($) AI Executive Order: Likes and Dislikes
  • 29, Oct - How to Understand Google's Gemini Delay
  • 22, Oct - 📣Announcing Interconnected 2.0
  • 20, Oct - ($) Second Order Effects of the Expanded US AI Chips Ban
  • 18, Oct - ($) Q3 2023 Letter: Sideways Market Continues with More War
  • 13, Oct - 🏛️Washington is Using China to Destroy Open Source
  • 05, Oct - 💸Q3 2023 Performance Update
  • 02, Oct - 🔋Is Ford’s Pause on CATL Plant Really About China?
  • 27, Sep - 🏦AI Is Turning Clouds Into Banks
  • 04, Sep - 🇺🇲Are Labor Unions Raining on America's Parade?
  • 30, Aug - 5️⃣ China's Future Through the Wubi Lens
  • 14, Aug - 🔊Capital Allocators China - Generative AI Panel
  • 10, Aug - 🟡 Generative AI Heading For (Short Term) Disappointment
  • 03, Aug - ☁️Llama 2 is China Cloud's Best Friend
  • 29, Jul - 🤑H1/Q2 2023 Performance Update (and A Poll)
  • 26, Jul - 🤖EU, China, US: Three Different Attitudes Toward AI Regulation
Interconnected © 2025
Facebook Twitter