Strategy
CB Insights
Groq’s $350M mega-round and ITC Vegas 2026
Below, we break down some of tech’s biggest stories, with analyst perspective on the moves that matter the most. Here’s what we’re watching this week: ITC Vegas 2026 Virtue AI gets acquired by Fortinet Groq raises $350M This brief is … The post Groq’s $350M mega-round and ITC Vegas 2026 appeared first on CB Insights Research .
Aug 20, 2026
Strategy
Tomasz Tunguz
Who Buys SOTA?
State of the art models are two-thirds smarter than last November & labs ship two new models every three days. But 84% of tokens on OpenRouter are not state of the art. The six models carrying the supermajority deliver about 77% of frontier performance at 2.5% of Claude Fable 5's price. Ramp's data shows price elasticity in the market. Frontier mod…
Aug 14, 2026
Strategy
CB Insights
Executive Interview: OutcomesAI
David Plummer, CCO at OutcomesAI, tells CB Insights how they view the market, customer needs, and their company. How do you define your market and where does your company fit into that space? OutcomesAI has built what we call GLIA, … The post Executive Interview: OutcomesAI appeared first on CB Insights Research .
Aug 05, 2026
Strategy
Tomasz Tunguz
Aftermarket Harnesses
Focus on optimizing the tools and frameworks around your core product, as they can significantly enhance performance and cost-effectiveness. Prioritize co-designing systems that leverage existing resources intelligently, as this will drive better outcomes than relying solely on the inherent capabilities of the product itself.
Jul 28, 2026
Strategy
Tomasz Tunguz
Google's Cloud Revenue Matches NVIDIA's Growth Rate
Monitor convergence trends between competitors to identify emerging market dynamics and adjust your strategy accordingly. When growth rates align, it often signals a shift in demand or competitive positioning that requires proactive decision-making.
Jul 22, 2026
Strategy
Stratechery
Write Things Down
Writing things down is powerful, for humans and for AI; what comes first, however, is what to write, why to do it, and actually getting things done.
Sep 08, 2026
Strategy
Tomasz Tunguz
Is the 3x AI productivity gain just a computer that never sleeps?
OpenAI disclosed that its researchers now supervise 3.14 agent-workdays for every 8-hour human workday. Rather than making programmers three times smarter, software development is turning into a 24-hour factory where inference behaves like heavy tooling capex running multiple shifts.
Sep 08, 2026
Strategy
Tomasz Tunguz
Concrete, Silicon, and Leverage
Hyperscalers & data center operators will issue an estimated $4t in debt over the next five years to finance AI infrastructure. This credit expansion equals 286% of US commercial paper, 143% of global private credit, & 91% of the US municipal bond market, transforming AI infrastructure into a macroeconomic credit cycle.
Sep 04, 2026
Strategy
Benedict Evans
AI, tools and transformation
It’s very tempting to imagine that AI turns everyone into a tool-builder - now everyone can just ask the model to make the software they need, and apps as we know them are dead. I think that misunderstands how most people think and where software actually comes from, and more importantly, it isn’t a path to change how companies actually work.
Sep 03, 2026
Strategy
Tomasz Tunguz
Ads Model for Prompt Integration in AI
Meta's Muse Spark 1.3 prices inference at two levels : $1.25/$4.25 per million tokens for private data, & $0.10/$0.20 for training consent : a 92% price spread. Michael Mauboussin taught that market prices contain information about underlying expectations. This spread establishes a liquid clearing price of $1.24/m tokens for user & agent prompt dat…
Sep 03, 2026
Strategy
Tomasz Tunguz
AI Productivity Doesn't Mean What I Think It Means
Over three years of testing AI writing systems, one-shot prompt templates failed. The working architecture is a closed-loop taste flywheel where draft versions collapse from 47 to 3, yet line-level edits remain flat at 130 per post. AI does not just save time; it raises the ceiling of what the same effort produces. The real question is whether we a…
Sep 01, 2026
Strategy
Tomasz Tunguz
NVIDIA's $108B quarterคณะกรรม樯enzie删除不必要的单位符和确保标题简洁性，优化后的标题为：
NVIDIA posts $108B quarter
NVIDIA's Q2 FY27 revenue reached $96b with a $108b Q3 guide, but hyperscale revenue grew only 13% sequentially against 25% for everyone else. To fund the buyers filling that gap, NVIDIA extended payment terms — DSO rose from 45 to 60 days & receivables hit $63b — & built a $581b stack of supply commitments, power guarantees, leases & $101b of equit…
Aug 26, 2026
Strategy
Tomasz Tunguz
NVIDIA's $108B quarter
NVIDIA's Q2 FY27 revenue reached $96b with a $108b Q3 guide, but hyperscale revenue grew only 13% sequentially against 25% for everyone else. To fund the buyers filling that gap, NVIDIA extended payment terms — DSO rose from 45 to 60 days & receivables hit $63b — & built a $581b stack of supply commitments, power guarantees, leases & $101b of equit…
Aug 26, 2026
Strategy
Tomasz Tunguz
Mainframes became personal. So will data centers.
Local models now answer 89% of everyday chat & reasoning queries as well as frontier models, & their efficiency per watt has improved 5.3x in two years.
Aug 21, 2026
Strategy
Tomasz Tunguz
Birds Don't Fly Like Planes. Neither Does AI
Qwen3.6-35B-A3B generates 2.2x faster than Qwen3.8-27B, yet finishes slower because it thinks 3.1x longer. Across 25 tasks, quality is tied. Measure time to answer, not token speed.
Aug 18, 2026
Strategy
Tomasz Tunguz
A Winner in Every Category
Despite historic lows in public software multiples, each category has one name at a large premium to its peers: CrowdStrike 3.9x its Security median, Cloudflare 3.4x Infrastructure, Shopify 8.1x Commerce. Most disclose no AI revenue. Since 2021 the ceiling fell from 100x to 34x & only eleven names clear 10x.
Aug 11, 2026
Strategy
Tomasz Tunguz
AI Hitches ARR Growth
Three AI companies crossed $100m ARR within nine months & were valued at 50x, 56x & 100x revenue. Growth rate does not explain the gap: the fastest grower priced near the bottom. The premium tracks category position instead.
Aug 09, 2026
Strategy
Tomasz Tunguz
Spending Like a Hyperscaler
SpaceXAI reported $18.37b of capex in its first public quarter, $15.83b of it AI infrastructure, against a $13.2b consensus. Amazon spent $53.1b in the same quarter, Alphabet $44.9b, Microsoft $41.0b & Meta $31.1b, & sequential dollar additions were comparable across all five. The difference is funding : operating cash flow covers 155% of capex at …
Aug 05, 2026
Strategy
Tomasz Tunguz
Racing to Sustain Jevons Paradox
Hyperscalers declared AI capacity-constrained on Q2 2026 calls. HBM3e memory rose 20% & HBM4 is forecast to double, while B200 spot rentals have held flat. Model makers are segmenting into premium, mid-market, & value tiers to keep Jevons' paradox alive through the coming shock.
Aug 04, 2026
Strategy
Tomasz Tunguz
AWS's Road to a Trillion
Recognize when to aggressively invest in infrastructure to capture market share, even at the cost of short-term cash flow. Prioritize long-term growth potential over immediate profitability, especially when competitors are hesitant to make similar commitments.
Jul 30, 2026
Strategy
Tomasz Tunguz
Yeltsin in the AI Aisle
Recognize that market segmentation can create opportunities for legacy products to thrive alongside newer offerings, as diverse buyer needs lead to unexpected preferences. Prioritize understanding the specific needs of your target audience to tailor your solutions, rather than solely chasing the latest advancements.
Jul 23, 2026
Strategy
Tomasz Tunguz
AI Engineering Productivity Isn't Normal
Expecting a 3x productivity increase from AI tools requires not just adoption but a fundamental redesign of workflows and team dynamics. Shift your focus from merely implementing technology to creating an operating discipline that fully leverages AI's capabilities.
Jul 21, 2026
Strategy
CB Insights
Mega-rounds drive 81% of Q2 funding
Prioritize securing larger funding rounds to enhance financial stability and growth potential. This approach can also be applied to resource allocation in product development, ensuring that high-impact projects receive the necessary investment.
Jul 16, 2026
Strategy
Tomasz Tunguz
AI Colander
Focus on the retention metrics of your product and continuously assess how they compare to industry benchmarks, as customer loyalty can shift rapidly. Be prepared to adapt your strategy and offerings every few weeks to maintain competitive advantage and meet evolving user expectations.
Jul 13, 2026
Strategy
Stratechery
XBOX Cuts; Bundling and Internet Solvency; Transactions, Coordination, and Sunk Costs
Recognize when a strategy is failing and be prepared to pivot quickly, even if it means making tough decisions like layoffs. Prioritize flexibility and responsiveness over sunk costs to better align resources with future opportunities.
Jul 08, 2026
Strategy
CB Insights
SpaceX's $60B Cursor deal and 3 coding AI startups to watch
Invest in emerging technologies that align with your strategic vision, as they can provide significant competitive advantages. Prioritize partnerships or acquisitions that enhance your capabilities and market position in the long term.
Jun 30, 2026
Strategy
Tomasz Tunguz
The CIO's Choices Are Clear in 2026
Focus investments on sectors that align with emerging priorities, like AI and security, while reconsidering resources allocated to traditional software categories facing disruption. Shift your product strategy to emphasize essential capabilities that leverage AI, ensuring your offerings remain relevant and competitive in the evolving market landscape.
Jun 30, 2026
Strategy
Stratechery
My Vibe Coding Adventure: Ten Takeaways
Focus on creating experiences that resonate personally with users, as this fosters deeper engagement and loyalty. Prioritize user feedback loops to refine your product based on genuine interactions rather than assumptions.
Jun 24, 2026
Strategy
Y Combinator Blog
Congratulations to EquipmentShare on going public
Identify and solve a problem you personally experience in your domain; this approach often leads to innovative solutions that resonate with others facing similar challenges. Prioritize building and shipping quickly, then refine based on real user feedback to create lasting value.
Jan 23, 2026