Interconnected
Subscribe
Sign in
Home
Quarterly and Annual Letters
Sovereign AI
Mr. Market
Open Source
Cloud War
Long-Form Profiles
Archive
About
Does AI Have a Zero-Sum Problem?
If you follow AI news, or general tech and business news, your timeline and inbox may likely be flooded soon with one image – a photo of Sam Altman and…
Feb 19
•
Kevin Xu
18
3
5
($) Nebius Earnings: A GPU Cloud Masterclass
Today’s post is for our premium members only.
Feb 12
•
Kevin Xu
5
1
2
2025 Annual Letter: Technology is the Cake, Geopolitics is the Icing
Welcome to Interconnected Capital’s 2025 annual letter.
Feb 9
•
Kevin Xu
14
1
5
Most Popular
View all
Was Zuck Right about Chinese AI Models?
Jan 13, 2025
•
Kevin Xu
326
40
50
Globalization is Dead and No One is Listening
Dec 12, 2022
•
Kevin Xu
146
17
13
Wang Chuanfu: A Name Everyone in the West Should Know
Feb 8, 2024
•
Kevin Xu
209
22
37
($) Lip-Bu Tan: the Tiger Dad Intel Needs
Jul 12, 2025
•
Kevin Xu
43
2
14
The Real DeepSeek Moment Just Arrived
Aug 25, 2025
•
Kevin Xu
111
6
22
China's Structural Advantage in Open Source AI
Jun 25, 2025
•
Kevin Xu
103
10
28
Latest
Top
Discussions
“DeepSeek Moment” Anniversary in a Nashville Snowpocalypse
I had grand plans this week to do some deep writing – compose my 2025 annual letter, reflect on one year since the “DeepSeek Moment”, and riff on other…
Jan 27
•
Kevin Xu
5
5
No Business Model: DeepSeek's Enduring Advantage
No other frontier AGI-pilled lab anywhere has this edge
Jan 16
•
Kevin Xu
38
6
11
($) The AI Competition as a Football Game
At halftime: USA 29 - China 25
Jan 6
•
Kevin Xu
6
1
2025: My Top 5 Favorite Interconnected Posts
As we close out 2025, I want to share with you my top 5 favorite Interconnected posts from the past year.
Dec 29, 2025
•
Kevin Xu
16
4
2
AI in the United Arab Emirates
Swing Vote of the US-China AI Co-opetition
Dec 18, 2025
•
Kevin Xu
57
18
10
Cloud War: the National Security Strategy Edition
From More Voting to More Selling
Dec 7, 2025
•
Kevin Xu
22
2
3
($) Forward Deployed Engineer: the Job that Makes AI Real
Scalable Enablers or Growth Bottleneck?
Dec 3, 2025
•
Kevin Xu
and
David Huang
12
1
See all
Interconnected
On the intersections of tech, investing, geopolitics, and US-Asia relations
Subscribe
Recommendations
View all 26
Geopolitechs
Geopolitechs
The Great Wall Street
The Great Wall Street
Chartbook
Adam Tooze
Sinocism
Bill Bishop
OnlyCFO's Newsletter
OnlyCFO
Interconnected
Subscribe
About
Archive
Recommendations
Sitemap
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts
