A research tree

Chip & Ad Market Research

Two podcasts on a road trip became two research questions, and the two questions grew a third. Research delivered as interactive experiences — every number sourced, calibrated, and shown with its uncertainty.

667calibrated claims
611distinct sources
68visuals
16chapters

The tree

Stratechery · “Who’s Afraid of Chinese Models?”

The Economics of Intelligence

US labs charge about seven times what a token costs them to serve. How that gap opened, who pays for it, and whether the trillion dollars behind it ever comes home.

▸ read it — nine chapters, 61 visuals
Acquired · “Google Part I: Origins of Search”

Who Holds the Yardstick

A century and a half of the US advertising market, read through one question: who owns the number the attention economy runs on. The independent count, it turns out, was the ninety-year exception — not the rule.

▸ read it — a single essay, 7 figures, sources under every line
Grows out of both branches above

Why Ads Won’t Save AI (or Will They?)

Advertising solved the monetisation of zero-price search in the 2000s. Why isn’t it solving AI inference now — and is it really just that you can’t put ads in the answer?

awaiting both foundations