Dave Lee

Column: Nvidia’s 75% Margin Gives AI Rivals Something to Aim For

Preempted by its customers, Nvidia thus needed its own fresh good news to trump what investors already knew. Hello, margins. Adjusted gross margin in the November-January period was 75.2%, the highest it has been since the second half of 2024. The company forecasts that number to be roughly the same in the current quarter. What’s unclear is just how long Nvidia can maintain this extraordinary profitability as the AI landscape matures.

Nvidia’s 75% Margin Gives AI Rivals Something to Aim For · bloomberg.com

Column: Anthropic Should Stand Its Ground Against the Pentagon

From several angles, pressure is being applied on Anthropic to fall in line. In Tuesday’s meeting, Amodei must state it plainly: It is not “woke” to want to avoid accidentally killing innocent people. This isn’t a case of an arms maker dictating how the Pentagon must use a weapon it has purchased or against which target. No, this is a responsible company making sure a tool bought for one purpose won’t be recklessly used for another.

Anthropic Should Stand Its Ground Against the Pentagon · bloomberg.com

Column: Meta Is Wrong to Try to Sneak Into Privacy Intrusion

Executives will probably also argue that limits to the technology can reduce the possibility of abuse. Don’t believe them. One idea being discussed, according to the Times, is that the glasses might recognize only people you are connected with, something that seems vaguely pointless — don’t you know who your friends are? The second, that it would work only on people with a public profile on Facebook or Instagram, is a safety disaster: What women might wish to disclose publicly to an online audience is vastly different from what they may wish to share with a man sitting opposite them on a bus.

Meta Is Wrong to Try to Sneak Into Privacy Intrusion · bloomberg.com

Column: The AI-Only Social Network Isn’t Plotting Against Us

It’s easy to get carried away: When the bots start to talk as if they’re planning to take over the world, it can be tempting to take their word for it. But the world’s best Elvis impersonator will never be Elvis. What’s really happening is a kind of performance art in which the bots are acting out scenarios present in their training data. The more practical concern to have is that the powers of autonomy the bots already have is enough to do significant damage if left untethered. For that reason, Moltbook and OpenClaw are best avoided for all but the most risk-tolerant early adopters.

The AI-Only Social Network Isn’t Plotting Against Us · bloomberg.com

Column: Apple Gives Itself the Toughest Act to Follow

It’s hard to see how Apple comes out unscathed from 12 more months of President Donald Trump’s tariff machinations, China’s unpredictability, the tricky introduction of its long-delayed AI features and a risky revamp of the iPhone offerings to include a foldable model. Most concerning of all to Apple investors, based on their questions to the company on Thursday, is the impact of the global memory and supply chain crunch, to which Cupertino is not immune by any means.

Apple Gives Itself the Toughest Act to Follow · bloomberg.com

Column: Microsoft Has Lost Its AI Sparkle

All this AI polyamory has put Microsoft’s eggs in a few more baskets, but it has also highlighted that Microsoft’s early mover advantage has run its course. The AI sparkle that illuminated a market value that more than doubled has diminished. Since their peak last October, Microsoft shares have fallen by about 11% and, until Wednesday’s close, had been flat since the start of 2026.

Microsoft Has Lost Its AI Sparkle · bloomberg.com

Column: The AI Memory Crunch Is Coming for Your Wallet

One frustrating characteristic of the AI boom seems to be that everyone must pay for it, regardless of any interest in using it. For some, it will be through rising utility bills as data centers strain the grid. For even more of us, it will be increasing costs of just about every electronic product you can think of: laptops, smartphones, televisions — perhaps even cars.

The AI Memory Crunch Is Coming for Your Wallet · bloomberg.com

Column: The TikTok US Saga Isn’t Over — It’s Just Beginning

There’s a big question of whether the joint venture, which now loses direct access to the extraordinarily talented engineering team at ByteDance Ltd., can maintain its competitive edge as homegrown rivals circle the wagons and as users look for any sign that their favorite digital space is being MAGA-fied by the app’s Trump-aligned new owners and operators. Already, on Friday, a prompt alerting users to new policies — by all accounts a standard set of terms for a social media company — set off a flurry of coverage and concern.

The TikTok US Saga Isn’t Over — It’s Just Beginning · bloomberg.com

The best books on writing (if you ask me)

I was rearranging my bookshelf the other day when I decided to group all of my books about writing and journalism into one specific section. I counted 27. Whether that’s an impressive amount I don’t know, but I can at least say I’ve read every one of them from cover to cover. That must count for something.

The collection spans everything from the extremely practical — how to take notes, how to prepare for an interview — and then the more existential in our age of AI:

What is a story? What is writing, and why do we do it?

I have all these writing books because I fell into a trap. To become a better writer, I reasoned, I needed to read books about writing. Thankfully, I’ve snapped myself out of that, these days heeding more closely the advice of the great BBC journalist Allan Little, who, in a beautifully crafted training video, said this:

“It sounds obvious, too obvious to state maybe, but if you want to be a good writer, you have to read books, not just newspapers. To use this language well, you have to love it. Build some time into your daily life for reading. Read poetry, read it slowly. Think about the way the writer bends the language to his needs.”

In other words, the only true path to becoming a better writer is through reading great writing. That's more often found in the fiction section. You’ll develop remarkable skills through osmosis, instinctively picking up lessons about atmosphere and rhythm, sentence structure and tone, like a child learning its first language. Isn’t that wonderful? All you need to do is entertain yourself and get a good night’s sleep now and again. Your subconscious has been taking notes and you’ll soon reap the benefits.

Now, if you’re one of the stubborn people — likely a man — who can’t bear to drift from non-fiction, at least try your best to gravitate towards those skilled enough to turn facts into a hearty tale. The works of Patrick Radden Keefe (Say Nothing; Empire of Pain), Erik Larson (Devil in the White City; In the Garden of Beasts) and Robert Caro (The Power Broker) are great places to begin.

All that said, the best books on writing are immensely valuable.

The following books are ones I have returned to often. Sometimes it’s because I’m stuck in a rut of bad habits. Maybe I’ve slipped into my typical disorganization around note taking, or my ledes have become too formulaic. I’m almost always suffering from impostor syndrome, and it’s encouraging to learn that someone like Caro, one of the world’s most gifted and creative biographers, once felt it necessary to take a creative writing course — as did many other great writers you know.

Each book here offers something different while sharing important qualities. First and foremost, they are, in and of themselves, superb pieces of writing. Clear, efficient, engaging, fun. You’d think all books about writing would be like this but I can tell you that is absolutely not the case.

Second, they won't patronize you. They discuss writing for what it really is — a muscle you can make stronger — rather than some divine gift that descends from the heavens and flows out through your fingers. All these authors know, intimately, that writing is an act of hard work. Drudgery. It requires obsessive revision and overcoming crippling self-doubt. They also know how to make you want to still do it anyway.

Finally, even though several are many decades old, and one several centuries, they all have sharp relevance to modern writing in our attention-span challenged times.

I hope you find them as useful and inspiring as I have.


ON WRITING WELLWilliam Zinsser (1976, last updated in 2006)

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My Amazon purchase history tells me I’ve bought this book no fewer than five times. It’s the book I have given to anyone who uttered the phrase “I’m not a good writer” or “I can’t write” within my earshot. It’s the writing book I’d recommend to you if I could only pick one.

William Zinsser, an ex New York Herald Tribune writer turned Columbia journalism professor, obsesses over convention but does it in a way that makes you like him and want to meet his standards; to appeal as best you can to his evidently impeccable taste.

The most useful chapter, the one that sits in the back of my mind as I write just about anything, comes early on. It’s about simplicity. Showing some of his own work — indeed, a draft of the very chapter you’re reading at that moment — Zinsser whittles away like a sculptor, reducing each sentence and passage to its tightest and clearest form. “A clear sentence is no accident,” Zinsser writes. It’s probably the single most important principle you can learn.


WORD CRAFT and STORY CRAFTJack Hart (2021)

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When you read a Pulitzer Prize-winning piece, you don’t feel as though you’re bouncing from quote to quote, or scene to scene. Each section makes natural sense, the reader flowing through as though sailing a boat downstream, briefly stopping here and there on tangents but making almost constant and satisfying progress towards a conclusion. When it works well, it looks effortless. If you want an example, try this moving piece about the San Quentin prison marathon.

In his two books, Jack Hart, former managing editor at the Oregonian, breaks down the component parts required for a great longform writing. I was introduced to his books by Matt Vella, the tremendously creative editor of the Financial Times magazine. He suggested Hart’s guides as the best introduction to narrative structures, helping you consider not just the information contained within each section, but how that information should be delivered, and what emotional or practical purpose it serves.

Word Craft is a broader view on good writing, while Story Craft goes deeper on writing specifically journalistic features and narrative non-fiction. Both books share the same practical quality. Like many an editor I’ve met in my career, Hart is one of those people who can tell you he can take a dogs dinner of a story and turn it into something wonderful — provided, that is, the raw material is up to it. And that’s where Hart’s books excel. They teach you how to think about the final product early enough so that you can be a more effective and focused gatherer.


THE ART AND CRAFT OF FEATURE WRITINGWilliam E. Blundell (1988)

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That boat/stream metaphor I used above? I stole it from William E Blundell, whose book on feature writing is canon for those in the news business.

One former FT colleague, Sarah O'Connor, said it would be her one book to save from a burning building. She wrote:

“I like to re-read it from time to time to remind myself not to slip into bad habits — for example, to ‘call a spade a spade, instead of bringing in someone from Harvard to solemnly declare it a long-handled personal earthmoving implement’.”

Blundell was a features writer and then editor at the Wall Street Journal, a paper which, like the FT, makes its money by helping people with money make even more of it. It helps, then, if its writers can see at least partly into the future with their reporting, scoping out cause and effect when they sit down to plan and write.

Blundell breaks down one of those perennial dinner party questions aimed at journalists: How do you decide what to write? Where do you get your ideas?

Too many books on journalism brush off these questions with unhelpful pointers like “tap your sources” or “pick up the phone”. In Blundell’s guide, he scopes out how a reporter (or anyone researching anything) can actually sit down and break even the most complex-looking story arc into a case of this-then-that, making the journey ahead less daunting. Most useful for me was his advice on how not to over-report — a nasty affliction that leaves many journalists dreading the process of actually sitting down to write.

What I like most about Blundell’s book is that he’s not afraid to admit an awkward truth of business journalism, which is that sometimes there’s no avoiding boring people or topics. I’ve found other writing books gloss over this inconvenience. Find someone or something more interesting, they instruct, too scared to admit that’s not a luxury most journalists get to enjoy. Blundell teaches how to bring character to the characterless.


POETICSAristotle (335 B.C)

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Ooh, la-de-da, he’s picked a Greek philosopher. Indeed I have, although what I’m really recommending is this slightly more user-friendly guide to Poetics that is both in English and broken down for the newbie. An idiot's guide, if you will. It takes Poetics and sets it up in more familiar terms: How to Tell a Story.

Now, I’m not recommending any journalist or writer sit in front of their computer pondering how Aristotle might have tackled whatever writing task lay before them. No, the point of reading this book is to be reminded of just how simple our little brains really are. How, for centuries, the basic story components that compel us to keep reading, to become engorged in a story, are as effective today as they ever were. It will help you spot the telltale signs of the story arcs that scratch our brains the most, like a victorious underdog, or a comeuppance.

You know all these things instinctively, but reading Aristotle’s work — or at least, this simplified version of it — will help you break down the reasons why we are how we are, and how you can best tap into that.


THINKING ON PAPERV.A Howard & J.H Barton (1986)

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This book is at the end of the list because it’s only really a partial recommendation, since I promised you back up there that everything here would have modern relevance. Thinking on Paper, while groundbreaking for its time, drifts often into advice suited to a bygone era. The authors, two Harvard professors, also try to impose what works for them onto the aspiring writer, with what to me reads like little acknowledgment of the possibility that their way might not work for everyone.

I include it anyway because of the book's bigger picture, which is trying to define what exactly writing is for.

The simplest answer is that we write things so people read them. Peel another layer and you might say we write to be heard, understood or, if we’re really lucky, heeded.

What Thinking on Paper manages to do is get even deeper than that — providing what was, for me, a deeply revelatory moment. The book demonstrates how writing can be used to break down ideas, or stress test a thesis; free from the shackles of knowing your words will be read by someone else, like your boss, your editor, or the whole world of readers.

It helped me overcome a problem that I’m sure many of us have faced. That moment when you sit down to write, on deadline, and as you do, all the things you don’t know, or wish you could have got, become suddenly obvious to you — but by then it's too late. It’s perhaps the most demotivating feeling a writer can experience: Knowing what could have been.

Following the advice of Howard and Barton will reduce this problem. Just don’t feel guilty if you skip the entire first half of the book.


One final thought before I go. There’s a couple of things you may feel are missing from the list. The first is Stephen King’s On Writing which, I’m told, is a very good book, but one I haven’t read because I don’t like Stephen King’s writing all that much.

The second is more problematic. There are no books on this list by women. I can assure you it's not a conscious decision, but I have no explanation for it other than I haven’t been trying hard enough, so I will change that. Recommendations very welcome.

Column: Meta Is Killing Off Its Only Good Virtual Reality App

Somewhere at the company is a dreary little spreadsheet that justifies this move. It likely says it wasn’t driving quite enough sales for the Quest headset, which is now less of a priority anyway. That the decision makes sense to Meta doesn’t make it any less of a shame. I can’t think of any other part of Meta’s business that is measurably good for its users’ health. It’s a low-cost home workout option that was compatible with the lives of busy parents and families who are pressed for time and square footage in their homes. It appealed to people who may have been intimidated by going to the gym but could instead start their fitness journey in more comfortable confines. It was tremendous fun. But it wasn’t AI, so I guess it had to go.

Meta Is Killing Off Its Only Good Virtual Reality App · bloomberg.com

Column: The ‘Tech Left’ Is Different This Time

One factor is the knock-on effects of a Biden administration that put the tech industry in its crosshairs and made Trump a lesser evil to some. Mergers that would have given workers a windfall were snarled by regulators. The administration’s hard-line stance on cryptocurrency stirred resentment and frustration. “The only reason Silicon Valley was split in the past election was the spectacular own goal the Biden administration scored by alienating so many people in it,” Graham wrote to me in an email. “Now that the Democrats have (mostly) stopped trying to attack tech, SV should revert to its historical mostly-Democratic norm.” He added: “I think the tech left will tend naturally to reassemble.”

The ‘Tech Left’ Is Different This Time · bloomberg.com