The Anduril Thesis

Privacy & Identity in the Age of AI Memory

Artificial Influence: The Rise of Advertising in AI

The Case for Specialized AI

QXO: A Vertical AI Case Study

Google Makes Nvidia Dance

The Canonical OpenAI

AI: A Study in Dependencies

Bias & Fairness in AI Models

The Rise of AI Services

The Vertical AI Playbook

Economics of the AI Build-Out

The State of AI Assistants

Debating The Open Internet: Cloudflare vs. Perplexity

AI Progress: The Battlefield of Cold War 2.0

An Internet Built for AI

The Death of the Link Economy

AI-Native Education and Bloom's Problem

The Age of Agents

The Coming White Collar Unemployment Wave

The Trillion-Dollar Battle To Build a Robotaxi Empire

OpenAI Writes Its Own Policy

Machines That Write DNA

Computing Returns to Its Original Vision

Who Does AI Safety Regulation Protect?

The Long Retreat From Content Moderation

The 2025 Dreams Everyone Is Dreaming

Europe's AI Champions Move to Palo Alto

What Happens to the Non-AI Companies

The Long Tail of AI

AI Comes for Quality Control

Perplexity's 15x Year

Why AI Isn't Leapfrogging Incumbents

Harvey and the Legal AI Test

Too Much Spend, Too Little Benefit?

Building an AI-Native Company

Who Owns the Data That Trains the Models

The Compute Bill Comes Due

The Capital Flooding Into AI

How Incumbents Absorb AI Startups

AI Is Bigger Than Foundation Models

What Generative AI Actually Costs in Production

The Weekend OpenAI Almost Broke

When AI Eats Its Own Training Data

From Open Internet to Closed AI

AI Is the Cloud Wars, Continued

The Openness of AI

The Cloud Wars Come for AI

The New Frontier in Finance

From Notetaking to Neuralink

The AI Safety Debate Goes Mainstream

The Acceleration of Artificial Intelligence

The Week Generative AI Went Mainstream

What Founders and VCs Expect From 2023

ChatGPT's First Million Users

Are Prediction Markets Doomed to Fail?

The State of BNPL

Tariffs Slam the IPO Window Shut

The IPO Window and the VCs Holding It Shut

Perplexity's 15x Year

Antitrust Closes the Exit Door

Why Nobody Wants to Go Public

Voting Machine, Weighing Machine

The Great Bank Unbundling

Burn Is Connected to Everything Else

Corporate Venture Holds the Line

Hype Cycles Versus Progress Cycles

The Bill Comes Due for ZIRP Startups

Board Dynamics Sit at the Center of Every Blowup

Living Landscape: Fintech Infrastructure

Instacart Reopens the IPO Window

Tech M&A Shrinks to the Mid-Market

Secondaries at a 61% Discount

Where Deposits Went After the Bank Runs

The Crypto Creed and a Frozen Funding Market

The Crypto Creed

Fintech Fills the Void SVB Left

Stripe's Reset

Dry Powder and Hard Calls

The Magic Math of Encryption

Identity Crisis: The Biggest Prize in Security

Identity Moves to the Center of Security

Taking The Fight To The Cloud

The Era of Endpoints

Unlocking the Cybersecurity Landscape