Stratechery: Does Aggregation Theory Survive in a World of Constrained Compute?

Stratechery·medium signal

Ben Thompson published 'Mythos, Muse, and the Opportunity Cost of Compute' on April 13, analyzing whether his Aggregation Theory holds when AI companies face genuine compute scarcity. The piece examines the strategic implications of Anthropic restricting Mythos to Project Glasswing's ~40 organizations and Meta launching Muse Spark, arguing that controlling demand will still give power over supply even when compute is the binding constraint. This is the first major framework-level analysis of how AI's physical resource limits reshape platform economics.