Agents Over Bubbles

📰 Stratechery

Agents are changing compute demand, making a bubble unlikely

advanced Published 16 Mar 2026

Action Steps

Understand the concept of agents and their applications
Analyze how agents affect compute demand
Evaluate the implications of agents on business strategy and resource planning
Consider the potential impact of agents on the tech industry as a whole

Who Needs to Know This

Product managers and software engineers can benefit from understanding the impact of agents on compute demand, as it informs strategic decisions on resource allocation and infrastructure planning

Key Insight

💡 Agents are changing the landscape of compute demand, making a bubble unlikely