Topics: Mr. Market• AI• API Economy• ($) 2025: Year of (Software) Picks and Shovels API platforms, databases, the neoclouds
Topics: Cloud War• Nvidia• Antitrust• ($) Why is China Investigating Nvidia: Blackwell And another chip on the table for a grand bargain
Topics: Announcement• Self Re-Introduction – 2024 Edition I was motivated to write this “self re-introduction” post, because Bill Bishop of Sinocism recently published a similar one. You’d think someone like Bill, one of the OGs of newsletter-ing and successful media executive, would be one of those people who need no
Topics: CATL• EVs• Profiles• Robin Zeng: CATL’s Prodigious Gambler As Europe reels from Northvolt’s bankruptcy, as Goldman Sachs writes off its $900 million wager to a big fat zero in this embarrassing failure, CATL chugs along. Contemporary Amperex Technology Co. Limited (CATL) is the world’s largest power battery maker, and has
Topics: US-China• AI• Scaling Law• What Does Hitting Scaling Law Limit Mean for US-China AI Competition Less effective export control, less doomsday scenario
Topics: Quarterly and Annual Letters• Investing• Q3 2024: Clock Starts Anew Plus reactions to big tech earnings and election day "playbook"
Topics: AI• Cloud War• ($) The US-China AI Gap Widens in 2026 Nvidia Blackwell moves the "chip war" to the "cloud war"
Topics: Semiconductor• TikTok• TikTok and Semiconductors -- Contributions for the Asia Society Hi all, I’m switching things up a bit to share a couple of recent contributions I did for the Asia Society, spanning from the latest development in the TikTok legal saga to semiconductors and GPU smuggling in China. (I’ll be back in
Topics: Mr. Market• China• Is China Investable Now? Understanding David Tepper's "Everything Everything" Strategy
Topics: Huawei• Apple• ($) Apple vs Huawei: Boomer vs Startup A defiant Huawei tries to upstage Apple with a trifold phone. Will it work?
Topics: Antitrust• AI• NVIDIA's Antitrust Probe is a "Pick One from Two" Problem NVIDIA notched yet another record this week. This time it is its single day 9.5% drop on September 3 that amounted to a $278.9 billion evaporation in market cap – the equivalent of more than three Intel’s. It is probably not the
Nashville and the 45 Second Commute As we approach Labor Day weekend (if you are in the US or Canada), I’d like to share my latest (and perhaps final) location change: Nashville, Tennessee! Rest assured, while the music industry, zero state income tax, or (god forbid) the Hawk Tuah
Topics: Alibaba• Delisting• ($) Alibaba (Finally) Gets Its Retail Fanbase Thanks to Congress and the Holding Foreign Companies Accountable Act
Topics: AI• US-China• 3x3 AI Video Matchup: US vs China The Paris Olympics may be over, but who says heated competition in bizarrely mutated sporting events only seen at the Olympics fueled by irrationally intense nationalism should stop? As a lifelong basketball fan, one of the more bizarrely mutated Olympic events is 3x3 basketball.
Topics: Investing• When Volatility is High, Berkshire Calms Me Down Before we get into our post today, I hope you check out the most recent episode of the Sinica Podcast, one of my favorite pods out there, where I chop it up with Kaiser Kuo and Paul Triolo on all things China when it
Topics: Quarterly and Annual Letters• H1 2024 Performance Letter: Arrogant Humility Welcome to Interconnected Capital’s first half (H1) of 2024 investment performance letter, which I write on a quarterly basis. (You can find my Q1 letter here.) To new and old readers alike, a friendly reminder: I run a global technology equity portfolio focused
Topics: AI• Facebook• Open Source• ($) Llama 3.1 and Its Geopolitical Implications Allowing output for training, synthetic data use, and more!
Topics: AI• WSJ, Odd Lots Podcast, Third Plenum on GenAI I’m on the road this week in NYC and Austin, so today’s post will be a short one and won’t be my usual column-style essay. Instead, it’s a compilation of some recent media appearances elsewhere and a succinct (and hopefully
Topics: Middle East• AI• Swing Vote of Global AI Competition: the Middle East The global AI competition is often framed as a 1-on-1 battle between the US and China, with a “Cold War II” undertone as the backdrop. In this tussle, there is one region that is growing more powerful and critical to which side will eventually
Topics: AI• Cloud Industry• ($) OpenAI Bans China This API ban signals a phase shift from “chip war” to “cloud war”
