Who We Follow · Influencers
Ben Thompson
Located the moat at the memory layer, not the GPU
In "The Inference Shift" (2026) Thompson drew the distinction between answer inference and agentic inference, arguing the latter is "less about GPUs answering a question and more about the memory hierarchy wrapped around a model." That is the bet Tropo makes from the builder's seat — the durable, governed context layer is where value compounds — named at the strategy altitude through his Aggregation Theory lens.