As a longtime loyal subscriber to Stratechery... I kinda agree. But as the other commenters did point out, this does reflect how the market seems to feel about OpenAI, at least. (Meta - I'm less sure of; Thompson does fawn over Meta quite a bit, I personally think it's too much and seems to not fully reflect reality, but man do they really cane it when you see their usage numbers, so maybe he's right.)

I did think his GPT-5 commentary was good, insofar as picking up the nuance of why it's actually better than the immediate reactions I, at least, saw in the headlines.

Where I do agree with you is how Stratechery's getting a little oversaturated. I'm happy Ben Thompson is building a mini media empire, but I might have liked it more when it was just a simple newsletter that I got in my inbox, rather than pods, YouTube videos, and expanding to include other tech/news doyens. Maybe I'm just a tech media hipster lol.

Is this fawning or just reflecting reality? I’m generally in the “LLMs kinda suck camp” and I read the headline and thought “yep 100%”. OpenAI is able to raise and deploy insane amounts of capital on a whim. Regardless of that being a good or bad thing it’s still true.

Did you listen to the recent interview with Ben Bajarin? I thought that interview alone justified the subscription. Curious as to whether anyone else felt the same.

Fantastic interview. Hard to get much info from inside the world Bajarin was speaking of. Notable how everyone is saying they can't get capacity for the tokens they're trying to serve.