READING, FINALLY FINISHED
Your reading queue, one swipe at a time.
Save the links you mean to read. We turn each into a swipeable daily deck — a few minutes, a few key ideas, done.
Joining 412 readers already on the waitlist.
9:41
pillread
stratechery.com
Why the AI Wave Is Different
Unlike past tech cycles, AI's marginal cost curve favors incumbents with distribution.
KEY POINTS
- Distribution dominates innovation in generative text models.
- Incumbent cost structure allows aggressive API pricing.
- Startups must build specialized workflows, not raw wrappers.
↑ next → save