Doug ClintonThe Long and Short of Investing with AISimple, Effective Hedge Funds Arthur Jones was a sociologist who studied at the Marxist Workers School in Berlin and later became a writer for Fortune magazine. At the age of 48, Jones created the world’s first hedge fund. It’s often…7-Minute Read Artificial Intelligence , MarketsMike OlsonThe Rising Tide of Efficiency: Tech Companies Don’t Sell Products, They Sell TimeEfficiency is time, and time is the one true currency. Innovation in pursuit of efficiency is the most powerful underlying force in driving persistent growth. Entrepreneur & author Jim Rohn said that “time is more valuable than money, you can…3-Minute Read Artificial Intelligence , Augmented Reality , Frontier Tech , Future of Work , Gaming , RoboticsGene MunsterBattery 101: What’s Next in Batteries?The bottom line: While tech followers await in anticipation of the next battery tech breakthrough, it’s likely that the rate of improvement will prove to be incremental and continuous. We will still refer to the batteries in EVs as lithium-ion…6-Minute Read Redwood Materials , Tesla Companies of Note Gene Munster, Brian BakerApple Readies for Its Jump Into Generative AIJoz, Apple's Head of Marketing, posted on X saying this year’s WWDC will be “Absolutely Incredible!” as in "AI". This will mark the first glimpse into the company's generative AI strategy and be a monumental day given it will usher in the biggest change in Apple's operating system design since the mid-80's point-and-tap/click interface. This will be a new communication interface driven by generative AI.Read More AppleGene Munster, Brian BakerDOJ Takes Aim at Apple, Largely Focused on ServicesIn 2020 Apple was more or less victorious over Epic games in defending the App Store. Now the DOJ is taking aim at Apple, largely focused on the iPhone’s role at promoting the sale of software and services and locking users into upgrading. The substance of the debate on shares of AAPL will focus on two topics: 1) What will the impact be to Apple’s Services segment? 2) How long will this take to sort out? While I believe this will take three years to sort out, I expect little will actually change, just like we saw 25 years ago with the DOJ going after Microsoft. Read More AppleGene Munster, Brian BakerAs Apple’s Focus on AI Intensifies, Margins Could Be PressuredThe news of Apple launching its own model and talking with Google and OpenAI to license a foundation model speaks to the degree that the company's growth North Star has changed over the past month. First, it was Project Titan getting canceled, now it’s considering doing something rare at Apple, license another company's tech stack. I believe Apple now gets it. AGI has the potential to have a profound impact on their business, and they need to add AI to the company's core competency of hardware, software, and services. To get there, I expect more investment, and a slight decline in margins in the near-term, and expanding margins long-term.Read More Apple, GoogleMike OlsonGenAI and the Future of Content We may be approaching the day when a $200M Pixar-quality movie, which typically takes four years to make, will be created in six months for $20K (aka, 0.01% of the budget and less than 10% of the time.) I…12-Minute Read Artificial IntelligenceGene MunsterDeepwater Frontier Tech Survey 2024Deepwater’s first annual Frontier Tech Survey measures the American public’s viewpoint on emerging technologies, including AI, Electrification & Automation, the Creator Economy, and Health-Tech. Key Takeaways: AI – General usage and awareness remains low; opinions are mixed when it comes…1-Minute Read Apple, Artificial Intelligence , Augmented Reality , Autonomous Vehicles , Frontier Tech , Google , Health , Meta , Microsoft , Netflix , Neurable , Neurotech , Nvidia , Redwood Materials , Spatial Computing , Tech Addiction , Tesla , TikTok , Virtual Reality , WearablesAndrew Murphy48 Hours With Vision Pro: Our Thesis on Spatial ComputingGo deeper: For even more on Vision Pro, here’s my discussion with Gene on YouTube. Disclaimer 0-Minute Read Apple, Spatial ComputingGene Munster, Brian BakerChina Clouds Shroud Apple’s ProgressApple's December quarter and guidance highlighted the impact China's macro slowdown had on Apple's business. That reality diluted investor optimism around the long-term progress the company is making when it comes to growing its active base, launching Vision Pro, and entering generative AI likely this spring. Read More AppleLoad More Go Deeper Philosophy Learn how we think. From time to time, we find it helpful to articulate our investment philosophies in writing. Read The Newsletter Our work sent directly to your inbox. Subscribe to our newsletter for a regular summary of our work, along with links to stuff we’re reading. Subscribe Deepwater TV Insights, interviews, and debates on topics we find relevant to growth investing. Watch