Google's search/advertising cash engine generates more free cash flow annually ($75B) than OpenAI has raised in its entire history, allowing sustained frontier-model investment without dilu…

Foundation models will become commoditized utilities similar to AWS/Azure/GCP — still profitable with improving margins — while defensible value accrues to application-layer companies that…

Critical tooling for productionizing AI models — observability, evaluation, data pipelines, security — is still being built, often spun out from internal tools at large enterprises, creatin…

As AI capabilities diffuse to bad actors, the attack landscape grows more violent, driving demand for AI-powered pentesting, enterprise access gateways, and employee phishing-resistance pla…