All items · 260

Thirty years ago, general-purpose chips beat specialized ones in the semiconductor industry’s great strategy debate. Today the same debate is back, but with new constraints.

• #Chips

Stratechery is now presented by Stripe. What that means for me, for you, and for the future of Stratechery content.

Netflix has a solid business, which is exactly the problem: the company increasingly seems like a business and not a franchise, at least in terms of growth.

• #Small business

The interface between the digital and physical world is lossy

a16z leads Eka Robotics’ Series A

• #Automation

Meta has a new open source model, and to everyone's surprise, they are are partnering with Apple to make sure you can run it locally.

• #Open source

Apple has a lot of trust in terms of delivering integrated products and preserving privacy; the real trust question is if you think Siri AI will justify investing more in their ecosystem.

The best Stratechery content from the week of October 12, 2026, including what Apple is doing, SpaceX's appetite, and the title, takes, and the Washington Wizards.

Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank

• #Small business

Super-Pareto TikTok Shop; Cure to High Prices is High Prices; Zoomers Living Large?

• #Agents

Cammarata Saves Humanity, “Flying” Roadster, Arrowhead Cuts Tau, Robots, EPIC, Ben Wilson + Extra Doses

• #Automation

Personal agents have arrived, setting off a race for who controls how they spend consumers money.

• #Agents