2026-06-26 08:00:00
At the application layer, moats are lagging, earned through scale & brand. At infrastructure, capital intensity demands a leading moat at founding.
2026-06-25 08:00:00
The inference market is the largest in software. AI workloads are shifting from synchronous chat to asynchronous, multi-turn agents that run for hours. Sail Research builds fleet-aware orchestration to maximize throughput per dollar of inference spend.
2026-06-24 08:00:00
Sunil Agrawal, CISO at Glean, joins Office Hours to discuss what security readiness looks like when attackers use frontier models for reconnaissance, phishing, deepfakes, and exploit generation.
2026-06-23 08:00:00
Stablecoins hold $165b in US T-bills, more than China or Switzerland. Hyperliquid generates $610m annualized fees. Gold, oil, & stocks trade 24/7 on crypto perpetual markets.
2026-06-22 08:00:00
Reselling inference at cost is a zero-margin business. The margin question is cost-plus vs. value-based pricing. Optimization is a cost lever under either, with distillation defensible for a while. BYOK breaks cost-plus & spares value-based.
2026-06-17 08:00:00
Databricks runs at $6.9b ARR growing 80% YoY versus Snowflake's 34%, a $1.6b gap. Its AI products run at $1.7b, ~25% of ARR & growing faster than the company, the token-path pattern that drove Salesforce's $3.6b Fin acquisition. Companies on the token path grow explosively, even at massive scale.
