The feed
Tomasz Tunguz
10 published stories from this source · All spins
Most AI Work Can Wait
Prioritize routing over model choice. Most AI work runs on cheap local models.
Published Jul 1, 2026 · Analyzed Jul 5, 2026
The CIO's Choices are Clear in 2026
The CIO's choices are clear in 2026. Across 87 public SaaS & platform companies, only Infrastructure & Dev Tools (+68.5% 1Y) & Security (+17.6% 1Y) are positive; the other three sectors are down. Category, not growth, separates winners from losers : the market buys the AI stack & sells the seat-priced application layer.
Published Jun 30, 2026 · Analyzed Jul 5, 2026
When AI Costs More Than the Engineer
Anthropic spends 2.3x its payroll on compute — $515k per engineer per year at today's $224k fully-loaded salary. The top 1% of software companies spend $89k, the median $137. Three 2029 scenarios bracket how that gap closes.
Published Jun 29, 2026 · Analyzed Jul 5, 2026
What If There Is No Moat Yet?
At the application layer, moats are lagging, earned through scale & brand. At infrastructure, capital intensity demands a leading moat at founding.
Published Jun 26, 2026 · Analyzed Jul 5, 2026
Full Sail on Asynchronous Inference
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.
Published Jun 25, 2026 · Analyzed Jul 5, 2026
Defending Against AI-Powered Attackers
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.
Published Jun 24, 2026 · Analyzed Jul 5, 2026
The Quietest Part of Startupland isn't so Quiet
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.
Published Jun 23, 2026 · Analyzed Jul 5, 2026
So You Want to Sell Inference
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.
Published Jun 22, 2026 · Analyzed Jul 5, 2026
Databricks Widens the Lead on the Yellow Brick Token Path
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.
Published Jun 17, 2026 · Analyzed Jul 5, 2026
5x for Free : The Local Coding Stack
A 500+ comment HN discussion reveals the current state of local AI coding - Qwen 3.6 35B dominates model mentions while Pi leads agents.
Published Jun 16, 2026 · Analyzed Jul 5, 2026