Interconnected

Q1 2026 Performance Update: Roughing It in the AI Age

Quick programming note: I’ll be going to China next week for a jampacked trip across four cities to visit many leading AI labs and companies there.

Apr 17 • Kevin Xu

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($) Why is DeepSeek Hiring in Ulanqab, Inner Mongolia?

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Apr 13 • Kevin Xu

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Tracking the Bipartisan Punching Bag: AI Data Centers

A key risk to the AI infrastructure buildout I identified in my annual letter was a country-wide, bipartisan pushback against all the constructions.

Apr 7 • Kevin Xu

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March 2026

($) "Death" of Qwen and the “Hundred Claws War”

ICYMI: I went on the Kyle Chan’s High Capacity podcast and Jordan Schneider’s ChinaTalk to talk about my recently published long piece on the history of…

Mar 19 • Kevin Xu

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Chinese Open Source: A Definitive History

Open source used to be a niche topic.

Mar 6 • Kevin Xu

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($) Alibaba's AI Drama

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Mar 4 • Kevin Xu

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February 2026

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

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($) Nebius Earnings: A GPU Cloud Masterclass

Today’s post is for our premium members only.

Feb 12 • Kevin Xu

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2025 Annual Letter: Technology is the Cake, Geopolitics is the Icing

Welcome to Interconnected Capital’s 2025 annual letter.

Feb 9 • Kevin Xu

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January 2026

“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

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No Business Model: DeepSeek's Enduring Advantage

No other frontier AGI-pilled lab anywhere has this edge

Jan 16 • Kevin Xu

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($) The AI Competition as a Football Game

At halftime: USA 29 - China 25

Jan 6 • Kevin Xu

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