Tech Business
How Reddit Makes Money (and the AI Data Deals)
The Reddit business model runs on ads plus AI data licensing. See how a $2.2B ad engine and AI data deals reprice the whole company, read through its filings.
#ai
8 articles
SaaS Economics
AI Is Breaking Per-Seat SaaS Pricing
AI is breaking per-seat SaaS pricing. See how consumption and outcome pricing re-rate SaaS revenue, with cited 2024-2026 vendor terms and a shift map.
Tech Business
Microsoft and OpenAI: The Economics of the Deal
Microsoft OpenAI deal economics, decoded from the filings: how much cash actually left, what recirculates as Azure revenue, the 27% stake, and the $38B cap.
Market Maps
The AI Infrastructure Market Map
The AI Infrastructure Market Map reads the stack through 2026 filings: chips, capacity, model labs, apps. Value concentrates where supply is scarce.
Market Maps
AWS Margin Compression and the Cloud Reset
AWS margin compression is real: revenue grew 20% but operating income only 14% in FY2025. Read the cloud reset and AI capex squeeze from the 10-K.
FAANG Strategy
Microsoft Copilot and Enterprise Lock-In
Microsoft Copilot enterprise lock-in strategy, read through the filings: how Copilot attaches to Windows, M365, Teams, Azure, and GitHub to raise switching costs.
IPO & M&A
Meta's Open-Source AI Strategy Explained
Meta's open-source AI strategy commoditizes the model layer, funded by a ~$200B ad engine. The full play, read through Meta's own SEC filings.
FAANG Strategy
Google's AI Strategy Is a Distribution War
Google's AI strategy isn't a better model, it's distribution: Search, Chrome, Android, Cloud. Read the playbook through Alphabet's filings and capex.