Engineer seen from behind in a dark operations centre, watching one bright monitor among a curved bank of screens.

Capability is not what separates an attacker from a defender. Incentives are. Ben Thompson’s Stratechery piece of 24 August 2026 works this through in agentic cybersecurity, and the logic travels a...

A customer seen from behind walking out of an empty marble banking hall, lit smartphone in hand.

Global banking has just posted the most profitable year of any industry – US$1.3 trillion in net income – and still trades at the lowest price-to-book of any industry. McKinsey’s preview...

Scientist in a lab coat, seen from behind, placing a vial into a long lit sample rack in a dim laboratory. (107 characters)

A treatment that works once and keeps working for years is a very different commercial asset from a pill taken every day. The value is created up front. It then has...

Wheat breeder seen from behind at dawn, looking across rows of small breeding trial plots stretching to the horizon.

Some assets cannot be built on any timeline a budget can shorten. When that is true, the choice is no longer build, buy or licence. It is licence, or stay out....

A navigator seen from behind at a ship's chart table at dawn, the plotted route ending mid-chart, open sea ahead.

Long-lived patents, an AI-shifted landscape: why a fixed filing roadmap fails, and the three decision rules an IP strategy needs instead.

Person seen from behind walking down a dim archive aisle of shelved boxes, holding a lit tablet.

Intellectual property rights don’t dissolve the moment you stop paying attention to them. That’s the thread running through several developments last week, and it’s worth more attention than most companies give...

Technician seen from behind in a dark data centre, looking down a long aisle of lit server racks.

If a capability you spent years building can be downloaded on a Sunday afternoon, the question is not how to stop that. It is what you own that survives it. Ben...

Engineer in a hard hat walks past rows of high-voltage transformers in a large electrical equipment factory

When a market is about to triple in a decade, the patent filing map you drew for yesterday’s demand is the one that will let you down. A McKinsey analysis, written...

Glass vault door ajar revealing a glowing lattice of light inside, with robotic arms reflected — trade secrets theme.

If AI can do the work, what exactly does your company still own? That is the question sitting underneath McKinsey’s new report, The symbiotic enterprise, which argues that AI agents and...

Red figurine on a dark surface, its reflection repeating through frosted glass panels, symbolising brand protection.

Here is an uncomfortable number for anyone responsible for brand protection: when consumers ask an AI tool about a brand, the brand’s own website supplies only 1–2 per cent of the...