$FACTORY · Factory predicts 90% of enterprise tokens will route to open models within 12 months

episode briefing

extracted intelligence

Sourcery VC

AMD, Starcloud, Coatue..10 Hot Takes From The Biggest Names in AI

now viewing▶ 21:05

Factory predicts 90% of enterprise tokens will route to open models within 12 months

2026-07-19 · 12 company · 7 thematic

sentiment

11 bull0 bear1 neu

speakers

mark

CTO of AMD, leading chip design using thousands of AI sub-agents; sees agentic AI driving 1:1 CPU:GPU ratio and transforming end-to-end workflows.

pim

Founder of General Intuition, building models that predict multiple action types beyond text; argues AI progress is primarily driven by data quality rather than model complexity.

robin

Founder of Black Forest Labs building multimodal visual models for content creation and physical AI; advocates open innovation as fundamental to AI progress and safety.

matan

Founder of Factory, automating software engineering with 'droids' for large banks and enterprises; tracks enterprise model routing data showing rapid open model adoption.

philip johnston

Co-founder and CEO of Star Cloud, building data centers in space. Led the first deployment (Star Cloud 1) with five Nvidia GPUs including an H100, achieving first model training in space. Filed with SEC for 88,000 satellite constellation delivering 20GW compute capacity.

reine

Founder of Liquid AI building efficient foundation models deployable on edge devices (Raspberry Pi); powers Mercedes-Benz in-car intelligence; proposes three-axis model design (intelligence, efficiency, substrate).

quote

“My hottest take is that in the next 12 months 90% of tokens will be going to open models. Um now not all the tokens and maybe not the most important tokens but I think uh you know big token has been spewing some propaganda against Chinese…”

—matan

now playing · $FACTORY

$AMD···bullish· high· posmark

AMD sees CPU:GPU ratio approaching 1:1 for agentic AI workloads

Agentic AI is transforming work end-to-end, requiring both CPUs and GPUs in near 1:1 ratio; AMD is already using thousands of sub-agents for chip design, accelerating next-gen sil…

$GENERAL-INTUITIONneutral· medium· pospim

General Intuition argues most AI is glorified data science; good models downstream from good datasets

Model performance is primarily driven by data quality and simple techniques rather than architectural complexity; the company focuses on building really good datasets as the key d…

$BLACK-FOREST-LABSbullish· medium· posrobin

Black Forest Labs advocates open innovation as fundamental to AI progress and safety

Open innovation is good for the world; fear-mongering around AI models leads to closed systems that slow all AI progress, while accessible AI models ultimately make technology saf…

$FACTORYbullish· high· posmatan

Factory predicts 90% of enterprise tokens will route to open models within 12 months

Enterprise open model token share grew from <1% to 10% in months; Factory dynamically routes workloads to open/cheaper models, predicting 50% enterprise open model usage by year-e…

$SPCX···bullish· high· posphilip johnston

SpaceX IPO will be historically most undervalued, heading to $10T+ valuation

SpaceX owns the most cost-effective launch vehicle (Starship), which unlocks every other space industry — asteroid mining, lunar resources, communications — making it the 'railroa…

$STARCLOUDbullish· high· posphilip johnston

StarCloud building orbital data centers for Starship, targeting 10MW per launch

StarCloud is moving to a large campus to manufacture StarCloud 3 vehicles designed to fit on Starship, enabling up to 10 megawatts of compute capacity per launch for orbital data…

$LIQUID-AIbullish· high· posreine

Liquid AI proposes three-axis foundation model design: intelligence, efficiency, substrate

Foundation model companies must co-optimize intelligence, efficiency/cost, and deployment substrate (edge devices, cars, phones) as first-class citizens, not afterthoughts; Liquid…

$SONOVAbullish· high· posrodrigo

Sonova raises $1B Series F at $11B valuation; SM50 chip delivers premium inference at fraction of GPU cost/power

Sonova's new SM50 cloud-scale RDU enables premium inference — running trillion-parameter models at full precision with higher performance than GPUs at a fraction of cost and power…

$DATABRICKSbullish· mediummax cook

Databricks benefiting from AI app production growth

Databricks and similar data infrastructure companies are tied to growth in AI app production and development, and will continue to perform well as AI application layer expands.

$DDOG···bullish· mediummax cook

Datadog benefiting from AI app production growth

Datadog and similar data infrastructure companies are tied to growth in AI app production and development, and will continue to perform well as AI application layer expands.

$MDB···bullish· mediummax cook

MongoDB benefiting from AI app production growth

MongoDB and similar data infrastructure companies are tied to growth in AI app production and development, and will continue to perform well as AI application layer expands.

$SNOW···bullish· mediummax cook

Snowflake benefiting from AI app production growth

Snowflake and similar data infrastructure companies are tied to growth in AI app production and development, and will continue to perform well as AI application layer expands.