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Enterprise AI Adoption

How companies buy, deploy, govern, and scale AI across teams, including pilots, procurement, change management, and internal enablement.

Enterprise AI Is Blocked by Context, Not Model Intelligence

Databricks chief executive Ali Ghodsi argues that enterprise AI is constrained less by model intelligence than by access to company context: data, documents, processes and relationships that agents need to operate inside businesses. In a Bloomberg Tech interview with Ed Ludlow, Ghodsi said Databricks is building products such as Genie Ontology and Lakehouse to make that context usable, while adoption in critical workflows remains slowed by security, legal and approval processes. He also declined to confirm reports of a new funding round and said Databricks is not rushing toward an IPO.

Ed Ludlow · Ali GhodsiBloomberg TechnologyJun 16, 20266 min read

Export Controls Turn Frontier AI Access Into a Political Problem

John Coogan framed Anthropic’s Fable/Mythos suspension as both an export-control crisis and a sign that frontier AI companies are poorly aligned with Washington’s current political and security instincts. On Diet TBPN, Coogan and Jordi Hays argued that the same access problem is appearing across tech and media: foreign-national limits complicate AI development and sales, Meta’s AI use is being pulled back into budget discipline, and Fox’s reported Roku deal is a bet that control of connected-TV distribution will matter as ad-supported streaming grows.

John Coogan · Jordi HaysTBPNJun 16, 202616 min read

Anthropic’s Fable Backlash Exposes the Risk of Hidden AI Gatekeeping

The All-In panel argues that Anthropic’s handling of Claude Fable 5 turned AI safety into an enterprise trust problem, with Jason Calacanis, Chamath Palihapitiya, David Sacks and David Friedberg focusing on hidden downgrades, prompt retention and a provider’s power to decide who receives full model capability. The same concern over opaque discretion shaped their California election discussion, where Friedberg and Sacks argued that legal ballot rules can still produce outcomes voters view as manipulated, while Calacanis called for investigation rather than treating suspicious statistics as proof of fraud.

Jason Calacanis · Chamath Palihapitiya · David Friedberg · David SacksAll-In PodcastJun 13, 202624 min read

Codex Turns Earnings Reports Into Post-Quarter Investment Thesis Updates

OpenAI is pitching Codex’s public-equity investing plugin as a way to turn a company’s latest quarter into thesis-revision work rather than a conventional earnings recap. Using a Cava post-earnings example, the source argues that Codex can combine first-party filings, earnings-call material and third-party data from sources including Quartr, Daloopa and S&P Global to separate business momentum from stock expectations, build bull, base and bear cases, and produce a monitoring checklist for the next reporting window.

OpenAIJun 12, 20265 min read

AI Works Best When Domain Experts Control Its Use

Josh Tyrangiel’s AI for Good argues that artificial intelligence is most useful when domain experts, not technology companies or models themselves, decide how it is applied. In conversation with Aspen Economic Strategy Group director Melissa S. Kearney, Tyrangiel says his reporting found real gains in healthcare, education, government, and recycling, but mostly as incremental improvements shaped by doctors, teachers, public servants, and other practitioners. His case is not that AI’s risks are overstated, but that the policy question is how to preserve human authority while regulating the most dangerous capabilities.

Melissa KearneyThe Aspen InstituteJun 10, 202622 min read

Employee Ownership Is Framed as a Mechanism for Sharing AI Productivity Gains

Aspen Institute’s Maureen Conway and Rutgers University’s William Castellano opened the 2026 Employee Ownership Ideas Forum by arguing that employee ownership should be treated as a practical response to economic insecurity and technological disruption, not just a fairness principle. Conway framed broad-based ownership as a way to give workers voice, wealth-building opportunities, and a stake in the value they help create, while Castellano tied it to AI-era management challenges, arguing that productivity gains from new technologies should be shared with employees through ownership, incentives, and workforce investment.

Maureen Conway · William CastellanoThe Aspen InstituteJun 9, 20266 min read

Codex Positions Its Data Plugin as an End-to-End Analytics Workspace

OpenAI’s Codex data science demo presents the product as an analytics workspace that can take a business question, use Databricks data, and produce a decision-ready report for leadership. The case made in the demo is that Codex can act as an agentic data analyst configured to a team’s tools and templates: generating a cancellation-spike analysis, exposing the source query behind a chart, allowing live edits, and exporting the finished work as a Google Slides executive readout.

OpenAIJun 9, 20264 min read

Coding Revenue and Compute Shortages Are Extending the AI Boom

Alex Sacerdote, founder and portfolio manager of Whale Rock Capital Management, argues that AI is still at the earliest stage of enterprise adoption and may be a steeper curve than prior technology shifts. In his telling, coding has become the first clear proof that AI can generate large revenue by replacing or augmenting labor, while the model layer is consolidating around a few leaders rather than commoditizing. Sacerdote’s broader case is that investors are underestimating both the earnings power of those winners and the hardware renaissance required to supply the compute behind them.

Patrick O'Shaughnessy · Alex SacerdoteInvest Like The BestJun 9, 202624 min read

OpenAI Folds Codex Into ChatGPT for a Unified Enterprise Workflow

OpenAI used its Intelligence at Work enterprise event to argue that workplace AI is moving from separate tools into a single operating workflow for companies. Sam Altman framed the roadmap as a response to customer demand to bring OpenAI’s products together, while executives pointed to ChatGPT and Codex integration, role-specific agents, annotations in existing tools, and deployment through Sites as the product layer for enterprise adoption. BNY chief executive Robin Vince supplied the customer case, saying the bank chooses AI optimism because it sees the technology as a capacity creator.

Denise Dresser · Robin Vince · Romain Huet · Alexander Embiricos · Sam AltmanOpenAIJun 8, 20264 min read

NVIDIA Says Agentic AI Is Forcing a Redesign of Enterprise Computing

At GTC Taipei during COMPUTEX, NVIDIA founder and chief executive Jensen Huang argued that agentic AI and frontier models have already changed the computer industry. The company’s case was that enterprises now need full agent-building infrastructure, AI-capable PCs such as RTX Spark represent a break from the old laptop model, and production hardware including Vera Rubin will underpin the next phase of AI computing. NVIDIA framed that shift through Taiwan’s manufacturing ecosystem, presenting Taipei as both industrial partner and symbolic home.

Jensen Huang · Wayne ChiangNVIDIAJun 8, 20264 min read

AI Compresses Years of Software Vulnerability Discovery Into Weeks

Palo Alto Networks chief executive Nikesh Arora told the All-In podcast that AI has changed cybersecurity by making years of latent software vulnerabilities discoverable in weeks. After testing Anthropic’s Claude Mythos against Palo Alto’s own code, Arora said the company found flaws that would normally have taken five to seven years to identify, raising the stakes for enterprises with weaker defenses. His broader argument was that AI will erode analytical SaaS while increasing the value of data infrastructure, workflow redesign and security systems that can make model outputs reliable enough for production.

Chamath Palihapitiya · Jason Calacanis · David Sacks · David Friedberg · Nikesh AroraAll-In PodcastJun 8, 202614 min read

Coding Is AI’s First Breakout Market, but Value Capture Remains Unsettled

Tech analyst Benedict Evans argues in an a16z interview with Erik Torenberg that AI now looks less like a solved platform shift than a market with one clear breakout use case: coding. Evans says agentic software development has reached real product-market pull, while larger questions about consumer adoption, enterprise workflows, model differentiation, infrastructure spending and value capture remain unresolved. His central case is that AI resembles the internet in 1997: obviously important, already useful in places, but still too early to know which layer of the stack will own the economics.

Erik Torenberg · Benedict Evansa16zJun 8, 202623 min read

Ulta Uses AI to Personalize HR Support for 65,000 Workers

Ulta Beauty executives Rachel Williamson and Josh Siebert describe the retailer’s ServiceNow-backed HR automation rollout as a response to a concrete operating problem: 65,000 employees could not reliably find the policies and support they needed. In a sponsored interview, they argue that the value of AI was not the chatbot itself, but its ability to personalize answers, route routine HR work away from overloaded teams, and preserve human judgment for sensitive cases. Their account frames AI as an enabler of workflow redesign, not an end in itself.

Alex Kantrowitz · Rachel Williamson · Josh SiebertAlex KantrowitzJun 8, 202610 min read

LOT Turns to ElevenLabs for Multilingual AI Passenger Support

LOT Polish Airlines chief executive Michał Fijoł used an ElevenLabs summit in Warsaw to announce a collaboration that will bring ElevenAgents into the airline’s passenger support. His argument was that customer communication has become an operational challenge for LOT: nearly 200 IT systems, flights across dozens of markets, and routine passenger questions arriving in multiple languages and time zones. Fijoł positioned AI voice support not as a replacement for airline staff, but as a way to handle language, timing, and information access at a scale a Warsaw-centered contact model cannot easily cover.

Michał FijołElevenLabsJun 8, 20266 min read

Balyasny Says Codex Cut Economic Analysis From Two Days to 30 Minutes

Charlie Flanagan says Balyasny Asset Management’s internal AI platform has moved from a coding tool into a firmwide workflow system, with 97% of employees using it daily across investment research, software development and operations. He argues that GPT-5.5 and the Codex harness are shifting AI from systems that search to systems that do work, citing economic analysis compressed from two days to 30 minutes and earnings-report analysis moving closer to real time.

Charlie FlanaganOpenAIJun 8, 20265 min read

LSEG Grounds AI Strategy in Trusted Financial Data and Controls

Emily Prince, group head of AI at LSEG, argues in an OpenAI Customer Ignite talk that AI in financial services only becomes useful at scale when it is grounded in trusted data, evaluation frameworks and governance that fit regulated work. She presents LSEG’s strategy as an effort to make its financial data and analytics available inside the tools customers and employees already use, including through APIs and Model Context Protocol, rather than treating AI as a generic answer engine. The case is that speed and experimentation matter, but only if controls, source quality and industry-specific workflows are built into the system.

Emily Prince · Nikolai SkaboOpenAIJun 8, 202610 min read

Role-Specific Agents Move AI From Prompting Into Financial Services Workflows

OpenAI solutions engineer Lee Spacagna argued that enterprise AI in financial services is moving from individual ChatGPT use and isolated product integrations toward role-specific agents embedded in daily work. He presented ChatGPT workspace agents and Frontier as the operational layer for that shift: agents that connect to tools such as email, calendars, Teams, SharePoint, and Salesforce; encode team practices as repeatable skills; and are managed at scale under enterprise controls.

Lee SpacagnaOpenAIJun 8, 20266 min read

OpenAI Finance Runs at 20% of Peer Headcount With AI-Native Workflows

Stacie Faggioli, OpenAI’s business finance officer for applications, argues that the company’s finance function is being rebuilt around AI-native workflows rather than conventional processes with AI added on. In her account, OpenAI embeds engineers inside finance, gives tools such as ChatGPT, ChatGPT for Excel, Codex and custom agents to the people closest to the work, and measures the result in headcount leverage, faster operating cadence and human-reviewed automation across fundraising, planning, reporting, procurement, credit and contract review.

Stacie FaggioliOpenAIJun 8, 202612 min read

Erste Builds AI as a Governed Platform Inside Digital Banking

Maurizio Poletto, Chief Platform Officer and COO of Erste Group, argues that AI in banking has to be built as a governed platform inside the bank’s existing digital architecture, not treated as a chatbot deployment. In a customer talk with OpenAI, he says Erste has allowed local teams to move quickly on employee productivity tools while centralizing customer-facing AI, especially where customer data is involved, because trust, compliance and product quality make that work slower and harder.

Folley Ogundele · Maurizio PolettoOpenAIJun 8, 202610 min read

Banks Can Use AI Agents to Turn Requirements Into Reviewed Features

OpenAI solutions engineer Conor Spicer argues that financial institutions can use Codex to shorten the path from customer demand to production-ready digital features, not by replacing developers but by delegating larger units of software work to an AI agent. Using a fictional bank’s predictive-budgeting feature, he presents Codex as a system that can read approved requirements, modify code, run tests, prepare compliance evidence, draft legacy portal submissions, and review pull requests while leaving humans to inspect and approve the work.

Conor SpicerOpenAIJun 8, 20267 min read

OpenAI Pitches ChatGPT as Workflow Infrastructure for Financial Institutions

OpenAI solutions engineer Stephanie Anani makes the case that ChatGPT should sit inside financial-services workflows rather than alongside them as a general productivity tool. Her argument is that AI can take on the search, reconciliation, modeling, compliance-checking and presentation work that consumes analysts’ time, while leaving investment and risk judgment with humans. In a QXO investment case, she shows ChatGPT moving from trusted research sources to an auditable Excel model and committee deck, using firm-specific skills and controls meant for regulated environments.

Stephanie AnaniOpenAIJun 8, 20267 min read

Allica Bank Pushes AI Beyond Use Cases Into Operating Model

Allica Bank CTO Ravneet Shah told OpenAI that the UK SME bank’s AI strategy has moved beyond isolated experiments into a broader change in how the company works. Shah argued that the priority is adoption and operating-model redesign: smaller product teams, fewer handoffs, agent-supported lending workflows, and tools that augment relationship managers rather than replace them. He said Allica is measuring progress less by deployment volume than by whether AI helps the bank deliver useful product increments for customers and internal functions in a regulated environment.

Ravneet Shah · Clement AndreOpenAIJun 8, 20268 min read

OpenAI Pitches Frontier AI as Infrastructure for Financial Services

Katy Elkin, OpenAI’s go-to-market lead for financial services, argues that banks, insurers, asset managers and market-infrastructure firms should treat frontier AI as enterprise infrastructure rather than a set of isolated tools. Her case is that financial institutions can use OpenAI’s models to redesign workflows, increase employee output and build AI-native customer products, provided they also put in place the governance, security and residency controls needed to absorb rapid model improvements.

Katy ElkinOpenAIJun 8, 20266 min read

TELUS Digital Cuts Contact-Center Onboarding Time 20% With AI Voice Simulations

TELUS Digital’s vice president of product, Mitch Lieberman, presents the company’s Agent Trainer as a response to a high-volume contact-center onboarding problem: 70,000 associates, 20,000 to 30,000 hires a year, and industry churn of 30% to 50%. Built on ElevenAgents, the voice and chat simulation platform is intended to get new agents ready for customer interactions faster, with TELUS Digital reporting a 20% reduction in time to proficiency, more than 50,000 completed simulations, and early signs of lower churn.

Mitch LiebermanElevenLabsJun 8, 20265 min read

ElevenLabs Unveils Dubbing v2 and Previews More Controllable Eleven v4

ElevenLabs co-founder Mati Staniszewski used a Warsaw summit keynote to argue that AI’s next constraint is not intelligence but communication people can trust. He presented two new models — Dubbing v2, designed to preserve an original performance across languages, and a preview of Eleven v4, aimed at finer control over speech, emotion, accent, whispering and song — as evidence of that thesis. The broader case was that voice AI becomes commercially useful only when models are tied to agents, integrations, authentication, memory and deployment systems that let companies put spoken interfaces into production.

Mati StaniszewskiElevenLabsJun 7, 202610 min read

AI in Financial Services Is Moving From Answers to Work Products

At OpenAI’s Investor Innovation Day, Sarah Friar and other speakers argued that Codex and enterprise ChatGPT are moving AI use in financial services from “asking mode” into execution. The examples stayed close to existing work: querying deal folders, speeding company research in Excel, generating spreadsheets, models, and decks, and distributing employee-built GPTs into daily operations. James Mackey tied the enterprise case to adoption at scale, saying 2,700 employees now have ChatGPT licenses and are using hundreds of internal GPTs as a business “force multiplier.”

David Bessel · Jasmine Azizi · Sarah Friar · James MackeyOpenAIJun 7, 20265 min read

Enterprises Face a 100,000-Agent Governance Problem

Barndoor AI co-founder and CEO Oren Michaels argues that enterprises are approaching a governance problem created by AI agents that can act across Salesforce, Slack, email and other workplace systems. In a conversation with Craig Smith, Michaels says connectivity protocols such as MCP have made it easier for agents to reach enterprise tools, but have not solved the harder question of what a given agent should be allowed to do for a given task. His central claim is that companies will need a separate control layer to manage thousands of task-specific agents, because traditional identity systems assume human judgment that agents do not have.

Craig Smith · Oren MichelsEye on AIJun 6, 202618 min read

Frontier Labs Treat Recursive Self-Improvement as a Near-Term Control Problem

AI in the AM’s first weekly highlights edition argues that the important AI signal in early June was not a model launch but a pattern: frontier labs are treating AI-accelerated AI research as near-term, while their main control strategy remains AI systems monitoring other AI systems. Nathan Labenz presents that as a safety concern, and the source contrasts thin recursive-self-improvement plans with OpenAI’s more concrete tax-agent example, where the harness improves from practitioner corrections rather than from changes to model weights. The through-line is that value and risk are moving into the layers around the model: tax harnesses, private data and expert judgment in cyber, real-time moderation guardrails, and safety architecture in mental-health deployments.

Nathan Labenz · John Wasseige · Matthew Sanders · Brett Levenson · Prakash Narayanan · Taras Pohrebniak · Snehal Antani · Hooman Radfar · Peter Jansen · Arthur Fernandes · Tal Hoffman · Yair TsarfatyThe Cognitive RevolutionJun 6, 202624 min read

AI Infrastructure Is Shifting From Accelerator Racks to Distributed Agent Systems

At Dell Technologies World, Nvidia chief Jensen Huang and Dell CEO Michael Dell argued that enterprise AI is moving from experimental promise to operational infrastructure, with agentic systems driving a sharp increase in compute demand. Huang said agents change the workload from single prompt-response transactions to long-running loops of reasoning, planning and tool use, while Dell framed the response as a pragmatic push toward distributed, “unmetered” intelligence across PCs, data centers and cloud-scale systems.

Michael Dell · Jensen HuangNVIDIAJun 5, 20267 min read

Perplexity Computer Brings Agentic Workflows Into Microsoft Teams Threads

Perplexity’s Academy tutorial presents Computer for Microsoft Teams as an AI agent meant to run inside Teams conversations rather than in a separate Perplexity interface. The company argues that users can install Computer from the Teams marketplace, use it in direct messages for private or early-stage work, and tag it in shared channels when teammates need visibility or context. Its broader claim is that agentic workflows — research, analysis, dashboards, reports, presentations, apps and websites — can be initiated, clarified and revised in the same threads where teams already coordinate work.

PerplexityJun 5, 20264 min read

OpenAI Adds Workspace App Publishing to Codex

OpenAI’s Corey Ching presents Sites in Codex as a way for teams to turn prompts and trusted internal material into hosted applications that colleagues can use inside a workspace. The product is framed not as a document or slide generator, but as an application layer for internal dashboards, meeting-prep tools, event briefs, and decision memos, with hosting, authentication, storage, database support, sharing, and iterative refinement built into the workflow.

Corey ChingOpenAIJun 5, 20265 min read

Broadcom Says Six Customers Are Building Custom AI Chips to Rival Nvidia

Broadcom chief executive Hock Tan told Bloomberg’s Tom Giles that the company is treating the AI infrastructure boom as an engineering contest rather than a market story. He argued Broadcom’s position rests on multi-generation custom-silicon and networking work with a small set of strategic customers, with Google furthest along and OpenAI on track for production late this year. Anthropic, in Tan’s account, sits in a separate bet: TPU compute capacity provided through Broadcom’s partnership with Google, based on confidence that enterprise generative AI demand would materialize.

Tom Giles · Hock TanBloomberg TechnologyJun 5, 202610 min read

Legora Says Legal AI Is Moving From Task Assistance to Matter-Level Agents

Legora CEO Max Junestrand argues that the company’s rise in legal AI came less from a single technical wedge than from moving quickly into law firms’ workflows, selling with unusual conviction, and building toward agents that can handle matter-level legal work. In a YC fireside with Gustaf Alströmer, he describes Legora’s shift from document and task assistance toward enterprise agents embedded in legal data, tools, and user behavior — the areas he sees as defensible as foundation models improve.

Max Junestrand · Gustaf AlströmerY CombinatorJun 5, 202612 min read

1Password Says Codex Shortens the Path From Planning to Production

Nancy Wang says 1Password is using Codex to compress the product cycle from planning to prototype to production, helping engineering teams reach feature launches faster. Her account frames OpenAI’s tools less as a single companywide interface than as different model access points for different work: chat for knowledge-worker teams, Codex for feature development, and APIs or fine-tuning for more embedded engineering uses such as an internal SRE agent. For 1Password, she argues, the business value is a shorter path from customer feedback and security requirements to shipped product changes.

Nancy WangOpenAIJun 5, 20264 min read

AI’s Enterprise Bottleneck Is Judgment, Not Model Access

Palantir chief executive Alex Karp argues that the scarce resource in enterprise AI is not model access but taste: the judgment to choose problems worth solving and attach AI to real operational processes. In a live AIPCon 10 conversation, Karp says companies are too often “tokenmaxxing” — generating AI activity that looks productive but does not change the business — while underestimating the political backlash that could lead to poorly designed regulation or even nationalization.

Alex Karp · Jordi Hays · John CooganTBPNJun 4, 202611 min read

Enterprise AI’s Constraint Is Judgment, Not Token Consumption

At TBPN’s AIPCon 10 broadcast, Palantir chief executive Alex Karp argued that enterprise AI’s central problem is no longer model capability but organizational judgment: companies are consuming tokens, dashboards and AI-generated artifacts without tying them to decisions that change operations. AIG’s Peter Zaffino, Palantir’s Chad Wahlquist and USDA’s Sam Berry extended the same case from insurance, deployment architecture and government data systems, describing AI as valuable only when embedded in workflows, data structures and feedback loops that reflect how institutions actually work.

Jordi Hays · John Coogan · Chad Wahlquist · Alex Karp · Peter Zaffino · Sam BerryTBPNJun 4, 202626 min read

AI Demand Is Real, but Productivity Gains Remain Unproven

Bloomberg’s Tech event in San Francisco framed the AI boom as a market caught between constrained infrastructure demand and valuations that leave little tolerance for misses. Executives from Databricks, Okta and Altimeter argued that the next bottlenecks are enterprise context, secure system access, power and capital allocation, while San Francisco Fed President Mary Daly said AI investment is widespread but has not yet produced broad, measurable productivity gains.

Caroline Hyde · Ed Ludlow · Andrew Feldman · Ali Ghodsi · Apoorv Agrawal · Mary Daly · Tom Giles · Todd McKinnonBloomberg TechnologyJun 4, 202618 min read

Anthropic Frames IPO Path as Capital Access for Frontier AI

Anthropic president and co-founder Daniela Amodei told Bloomberg’s Shirin Ghaffary that the company’s push toward public markets, compute deals and government work should be understood as the operating reality of frontier AI, not as a race for symbolic leadership. She argued that Anthropic needs access to large amounts of capital because model training and inference are expensive, but said the company is trying to scale cautiously: buying compute it can use, widening access to powerful models only after defenders get a head start, and maintaining red lines in national-security work.

Daniela Amodei · Shirin GhaffaryBloomberg TechnologyJun 4, 202613 min read

SaaS Faces a Sorting, Not an Apocalypse, From AI Agents

Okta CEO Todd McKinnon told Bloomberg that fears of a “SaaSpocalypse” are overstated because AI agents will force software companies to rebuild around identity, access and secure connectivity rather than make SaaS broadly obsolete. He argued that agents increase the need for governed links across enterprise applications and data, creating both risk and demand for products such as Okta for AI Agents. McKinnon said some vendors will fail to adapt, but framed the shift as a sorting process, not an extinction event for SaaS.

Ed Ludlow · Caroline Hyde · Todd McKinnonBloomberg TechnologyJun 4, 20265 min read

Enterprise AI’s Bottleneck Is Context, Not Smarter Models

Databricks co-founder and CEO Ali Ghodsi told Bloomberg Technology that the main enterprise AI problem is no longer model intelligence but access to organizational context. Ghodsi argued that artificial general intelligence has effectively arrived by a practical workplace test, and that companies should focus on connecting models to their data, processes and metrics so agents can become useful. He also cast that thesis as central to Databricks’ Lakehouse and Genie products, while saying the company can remain privately funded until an eventual IPO is needed for employee liquidity.

Caroline Hyde · Ed Ludlow · Ali GhodsiBloomberg TechnologyJun 4, 20265 min read

Fed Forward Guidance Could Mislead Amid Inflation and AI Uncertainty

San Francisco Fed President Mary Daly told Bloomberg Tech that monetary policy is in a good place because the economy could still break in either direction, making further forward guidance potentially misleading. Daly said AI may eventually lift productivity and reshape hiring, infrastructure and regional growth, but she has not yet seen broad economy-wide evidence of those gains; with inflation still vulnerable to energy, food and geopolitical shocks, she argued the Fed should preserve room to respond rather than signal a fixed rate path.

Caroline Hyde · Mary Daly · Ed LudlowBloomberg TechnologyJun 4, 202610 min read

Codex Shifts Amgen’s AI Focus From Coding Tasks to Patient Work

Sean Bruich argues that Codex’s value at Amgen is not in producing more code, but in reducing the routine implementation work that pulls attention away from science and patients. He describes the tool as useful when it abstracts tedious coding and analysis tasks so biostatisticians, geneticists, software engineers and others can focus on better medicines. The impact, in Bruich’s account, comes less from a single large AI initiative than from many small deployments across everyday workflows.

Sean BruichOpenAIJun 4, 20264 min read

AI Voice Agents Are Beating the Average Customer-Service Rep

Tom Chen, chief product officer at Aircall, argues that AI voice agents should be judged against the average customer-service interaction, not the best human rep. In his account, the technology is already good enough for many routine calls, can handle far more concurrency at lower cost, and may improve satisfaction when customers are given a clear choice between faster AI service and a human agent. The main constraint, Chen says, is often not the model but the undocumented company knowledge the agent needs to resolve issues.

Craig Smith · Tom ChenEye on AIJun 4, 202617 min read

Foundation Models May Become Commodity Infrastructure for AI Applications

Tech analyst Benedict Evans argues that AI has crossed into real customer pull first in software development, while the broader product and business-model questions remain unsettled. In a conversation with Erik Torenberg for a16z, Evans says foundation models may become indispensable but commoditized infrastructure unless their providers can show durable pricing power, distribution control, or network effects. His case is less a prediction than a warning against mistaking today’s scarcity, capex surge, and excitement for the market’s eventual equilibrium.

Benedict Evans · Erik Torenberga16zJun 4, 202621 min read

Private Evals Are Becoming the Core IP of Enterprise AI

Microsoft chief executive Satya Nadella argues that the AI frontier is shifting from single models to company-specific systems built from private evals, traces, tools, data and multi-model harnesses. In a Microsoft Build conversation with Sarah Guo, Elad Gil and Shawn Wang, Nadella says those private evaluation loops may become a company’s most important intellectual property, allowing enterprises to build their own specialist intelligence rather than merely consume frontier models. He also frames the broader test for AI as legitimacy: whether customers, workers and communities see measurable gains from the technology and the infrastructure behind it.

Elad Gil · Satya Nadella · Shawn Wang · Sarah GuoNo PriorsJun 4, 202615 min read

Microsoft Bets Enterprise Agents Will Run Through the Cloud

John Coogan reads Microsoft Build 2026 as a sign that Microsoft is trying to make the cloud, not the phone, the center of enterprise AI agents. On Diet TBPN, he argues that Project Solara, Scout, OpenClaw support and Microsoft’s own models point to a platform strategy built around Azure, Microsoft 365 data, security boundaries and cost-efficient deployment rather than frontier-model supremacy. The open question, he says, is whether agent hardware and workflows can win adoption outside environments where companies can mandate them.

John Coogan · Jordi Hays · Eric Glyman · Martin Scorsese · Satya Nadella · Steven BathicheTBPNJun 3, 202614 min read

Useful AI Systems Are Emerging Inside Controlled Enterprise Workflows

TBPN’s latest discussion framed the commercial AI moment less as a race to looser autonomy than as a shift toward bounded systems. Across Microsoft’s Build announcements, Suno’s funding, creator films, stablecoins, crypto markets, cybersecurity, and workflow software, the central argument was that AI becomes useful when it is embedded in infrastructure that can price, route, audit, secure, or constrain it. John Coogan and guests applied that lens most directly to Microsoft’s agent strategy, where Azure and Microsoft 365, not a new phone, become the controlled operating environment for enterprise agents.

John Coogan · Jordi Hays · Mikey Shulman · Nikesh Arora · Satya Nadella · Alex Good · Eric Glyman · Samir Chaudry · Henri Stern · Alex Heath · Tom Farley · Martin ScorseseTBPNJun 3, 202633 min read

Uber’s Trillion-Dollar AV Bet Depends on Aggregating Autonomous Supply

Uber chief executive Dara Khosrowshahi argues that the company’s next phase depends on becoming the supply aggregator for “physical AI”: autonomous vehicles, drones, delivery networks, and other systems that turn digital demand into real-world services. In an Invest Like the Best interview, he says Uber’s advantage is not simply consumer demand but access to drivers, merchants, couriers, fleets, and eventually autonomous supply — a position he believes could open another trillion-dollar marketplace if lower costs and higher reliability expand usage.

Patrick O'Shaughnessy · Dara KhosrowshahiInvest Like The BestJun 3, 202619 min read

Ackman Says AI Threats Are Leaving Durable Incumbents Mispriced

Bill Ackman told the All-In hosts that Pershing Square’s investment filter has shifted toward durable business quality while remaining activist where influence can extend a company’s time horizon. He argued that AI has made disruption risk the first question for long-term investors, even as markets may be overlooking incumbents such as Microsoft, Meta and Amazon. Ackman also cast founder control, valuation discipline and permanent capital — including his Howard Hughes project — as ways to underwrite businesses through a period when public markets and CEOs are still working out AI’s practical effects.

Chamath Palihapitiya · Jason Calacanis · David Friedberg · David Sacks · Bill AckmanAll-In PodcastJun 3, 202614 min read

Companies Can Build Frontier Intelligence Without Owning the Frontier Model

Satya Nadella used Microsoft’s Build 2026 AI announcements to argue that the next phase of AI will be defined by ecosystems, not by companies consuming a single frontier model. In a crossover conversation with No Priors and Latent Space, Microsoft’s chief executive said enterprises and startups should be able to build their own “frontier intelligence” from models, tools, data, context, and private evaluations. His case is that durable value will accrue to companies that control those loops, rather than simply rent intelligence from a general-purpose provider.

Elad Gil · Satya Nadella · Shawn Wang · Sarah GuoLatent SpaceJun 3, 202614 min read

AI Builders Are Urged to Architect the Future Through Early Adoption

At the Day 1 keynote livestream for AI Engineer Melbourne 2026, the opening speaker acknowledged the public debate over AI’s risks but argued that builders should not stop there. The speaker framed early adoption as a way to enter deeper conversations, form faster connections, and help “architect” the direction AI takes, with the conference itself presented as a participatory setting for that work.

AI EngineerJun 3, 20264 min read

AI Acceleration Is Creating Dependencies Faster Than Institutions Can Govern

Nathan Labenz and Prakash Narayanan frame the second day of “Sprinting Through the AI Marathon” as evidence that AI acceleration is shifting from product progress into institutional dependency. OpenAI forward deployed engineers describe tax agents whose improvement comes from practitioner correction traces; Labenz reports that frontier safety circles are treating recursive self-improvement as a near-term premise reliant on AI monitoring AI; and Matthew Sanders argues the Vatican’s AI intervention is a claim for human and religious agency. The shared concern is that capital markets, service firms, labs, governments and moral communities are being pulled into AI systems faster than they can settle ownership, liability or control.

Nathan Labenz · Arthur Araujo · Prakash Narayanan · John Wasseige · Matthew SandersThe Cognitive RevolutionJun 2, 202631 min read

Neuroevolution Offers AI a Path Beyond Bigger Models

Risto Miikkulainen, a UT Austin professor and vice-president of AI research at Cognizant AI Labs, argues that neuroevolution offers a different path for AI than simply scaling larger models. In a conversation with Craig Smith, he says gradient descent is well suited to optimizing toward known targets, but population-based evolutionary search is better for problems where the goal is uncertain, the landscape is irregular, and useful solutions may require diversity, novelty and recombination.

Craig Smith · Risto MiikkulainenEye on AIJun 2, 202619 min read

AI Demand Is Rewriting Tech Financing From Hyperscalers to IPOs

Bloomberg Technology’s June 2 discussion framed Alphabet’s planned $80 billion equity raise and Anthropic’s confidential IPO filing as signs that AI demand is moving from product strategy into capital structure. The central argument was that the scale of AI infrastructure spending is forcing technology companies to rethink balance sheets, IPO timing, bank fees and supply-chain risk, with SpaceX’s listing plans and memory-chip constraints showing how the pressure is spreading beyond the hyperscalers.

Caroline Hyde · Ed Ludlow · Katherine Doherty · Ian King · Aravind Srinivas · Rene Haas · Antonio Neri · Michael Shepard · Tom Mueller · Shirin Ghaffary · Stephen Engle · Robert Schiffman · Emily ZhengBloomberg TechnologyJun 2, 202617 min read

Only 18% of AI Coding Spend Is Shipping Into Products

Alex Kantrowitz and Ranjan Roy argue that the warning signs around the AI boom are less about a single spending scare than about a widening gap between AI usage and demonstrable value. Kantrowitz focuses on enterprise token spending that is not translating into shipped products, while Roy warns that “token maxing,” circular cloud financing and private-market valuation anchors are turning a promising technology into a reflexive capital cycle. Their discussion extends that concern from Anthropic’s surge past OpenAI to Robinhood’s AI trading plans and new data-for-services bargains, all pointing to the same test: whether AI adoption can become disciplined before the financial structure around it outruns the returns.

Alex Kantrowitz · Ranjan RoyAlex KantrowitzJun 2, 202617 min read

GitHub’s Agent Era Is Stressing Commits, Actions, Pull Requests, and Trust

GitHub COO Kyle Daigle argues that the agent era is turning GitHub’s AI shift into an infrastructure and trust problem, not just a product expansion beyond Copilot autocomplete. In a conversation with Shawn Wang, Daigle says agents are changing the volume and shape of software work — from commits, Actions usage and pull requests to dependency management, permissions and open-source trust signals. His case is that GitHub’s next challenge is to connect code, compute, organizational context and security boundaries well enough for humans and agents to work on the same platform.

Shawn Wang · Kyle DaigleLatent SpaceJun 2, 202624 min read

HPE Pulls 2028 Targets Into 2026 on AI Server Demand

Hewlett Packard Enterprise chief executive Antonio Neri told Bloomberg that the company’s sharply higher outlook reflects durable AI demand rather than a short-term spike or a single large customer. After HPE shares hit a record high, Neri argued that growth across networking, servers, storage and private cloud is allowing the company to pull forward its AI-era financial targets, while disciplined pricing, Juniper-related synergies and a richer networking mix help offset rising DRAM and NAND costs.

Caroline Hyde · Ed Ludlow · Antonio NeriBloomberg TechnologyJun 2, 20265 min read

OpenAI CFO Says Compute Scarcity Will Define Its Next Phase

OpenAI CFO Sarah Friar used an All-In interview to frame the company less as an IPO candidate chasing public-market timing than as an infrastructure-scale AI business trying to finance scarce compute, broaden distribution, and defend the intelligence layer between users and the underlying technology. Friar argued that OpenAI’s consumer and enterprise products are meant to compound off the same foundation, even as the company raises unprecedented capital, diversifies cloud and chip supply, and considers ads without letting sponsored results distort ChatGPT.

Chamath Palihapitiya · Jason Calacanis · David Sacks · David Friedberg · Sarah FriarAll-In PodcastJun 2, 202615 min read

YouTube-Native Filmmakers Are Turning Viral Proof Into Box-Office Hits

John Coogan and Jordi Hays use the box-office success of YouTube-native filmmakers to argue that Hollywood is beginning to treat creators as a source of proven taste and new IP, not merely as marketing channels. Their broader read is that proof of demand is moving earlier across markets: viral film concepts can become theatrical bets, AI labs are preparing for public ownership, and even Bernie Sanders’s proposed public stake in AI companies assumes the sector’s equity will be enormously valuable. The hosts are skeptical, however, that attention or ownership alone solves the harder questions of execution, cash flow, or public benefit.

John Coogan · Jordi HaysTBPNJun 2, 202614 min read

YouTube Is Becoming Hollywood’s Talent Market and IP Proving Ground

TBPN’s John Coogan and Jordi Hays argue that YouTube is moving from Hollywood competitor to Hollywood’s talent market, where creator-led films prove creative judgment, production ability and audience response before studio capital arrives. The episode extends that pattern to AI policy, software and prediction markets: established institutions are trying to absorb signals formed outside their usual channels, from internet-proven filmmakers and frontier AI labs to traders and startups testing demand before regulators, studios or public markets have settled their response.

Jordi Hays · John Coogan · Marc Benioff · Nico Ferreyra · Mike Schroepfer · Graham Stephan · Bernie Su · Sue Khim · Scott Trinkham · Adam Iscoe · Jason Oppenheim · Danial Jameel · Tyler BohallTBPNJun 1, 202627 min read

Travelers Deploys AI Claims Assistant Nationwide After Eight-State Pilot

Travelers’ claims CIO Erik Roen argues that putting an AI assistant into first notice of loss required changing the operating model around claims, not just adding a model to a call flow. In a conversation with OpenAI chief revenue officer Denise Dresser, Roen says the insurer moved from an eight-state pilot to countrywide deployment by pairing OpenAI’s technology with cross-functional business ownership, continuous evaluations, near-real-time monitoring and fail-safes for a workflow that helps customers decide whether and how to file a claim.

Denise Dresser · Erik RoenOpenAIJun 1, 202610 min read

Nvidia Targets AI PCs With New Blackwell Chip and MediaTek CPU

Bloomberg Technology’s Caroline Hyde and Ed Ludlow framed Nvidia’s Computex announcements as an attempt to extend AI demand beyond the data center and into PCs, software and physical systems. The central case, led by Jensen Huang and assessed by Bloomberg reporters and analysts, is that Nvidia’s new RTX Spark chip and agentic-AI thesis could redraw parts of the PC and enterprise software markets, even as questions remain about performance, Arm’s history in PCs and the health of the broader hardware cycle.

Caroline Hyde · Ed Ludlow · Jensen Huang · Ian King · Isabelle Lee · Mark Gurman · Amit Jain · Mandeep Singh · Julie Samuels · George Ferguson · Matt Day · Vince Hu · Matt Wittmer · Stephen EngleBloomberg TechnologyJun 1, 202613 min read

A Two-Hour AI Prototype Let Museum Visitors Talk to Statues

Joe Reeve of ElevenLabs argues that his “talk to a statue” prototype mattered less as a museum product than as evidence of what can now be assembled quickly from existing AI APIs. Built in Cursor in about two hours, the app identifies a photographed statue, generates historical context and a plausible voice, spins up an ElevenLabs agent, and starts a conversation in roughly 30 seconds. Reeve says the harder remaining questions are institutional rather than purely technical: who authors the object’s story, what voice it should have, and how multimodal voice interfaces should work.

Joe ReeveAI EngineerJun 1, 202614 min read

AI Factories Are Turning Taiwan’s Supply Chain Into Strategic Infrastructure

NVIDIA’s GTC keynote pregame in Taipei presented Taiwan as more than a manufacturing base for the AI boom. Across interviews led by Bruce Lu of Goldman Sachs and Tracy Tsai of Gartner, Jensen Huang and Taiwanese technology executives argued that AI is becoming infrastructure, requiring chips, advanced packaging, racks, power, factories, robots, software, local compute and talent to work as one system. The case was optimistic but conditional: Taiwan’s strength is the density of its industrial stack, and its test is whether it can move up into systems, software and application leadership.

Jensen Huang · Simon Chang · Rick Tsai · Tracy Tsai · Bruce Lu · Alex Yeh · Barry Lam · Neo Yao · Jonney Shih · Haw Chen · Hung-yi Lee · Tzu-Hsien Tung · Simon Lin · Yuh-Jier Mii · Kathy YangNVIDIAJun 1, 202622 min read

AI Is a Platform Shift, Not an Economic Singularity

Benedict Evans argues that AI is a platform shift on the scale of the internet or mobile, but not an exception to the patterns that shaped those earlier transitions. In a conversation with Lenny Rachitsky, the independent analyst says the market is still in its “1997” phase: adoption is uneven, value capture is unsettled, labor effects are real but often misdescribed, and the most durable uses and interfaces may not yet exist.

Lenny Rachitsky · Benedict EvansLenny's PodcastMay 31, 202622 min read

Enterprise AI Enters Its ROI Era as Token Costs Surge

John Coogan and Jordi Hays use the latest Diet TBPN to separate spectacle from operating reality: Blue Origin’s New Glenn explosion is a serious but recoverable setback in a capital-heavy launch race, while enterprise AI has moved from adoption theater into a phase where executives are asking what token spend actually produces. Their larger argument is that capital, cadence, and measurable output now matter more than headline momentum, whether in rockets, AI budgets, trophy fossil auctions, or frothy AI-adjacent markets.

John Coogan · Jordi HaysTBPNMay 30, 202611 min read

AI Governance Fight Shifts to Centralization, Open Models, and Worker Agency

On All-In, Bill Gurley joined Jason Calacanis, David Sacks and Chamath Palihapitiya for a debate framed less around whether AI is powerful than around who will control it. The panel read Pope Leo XIV’s AI encyclical as a warning about concentrated power, but split over the remedy: Sacks argued government regulation could become the centralizing threat, while Gurley and others scrutinized Anthropic’s safety posture as either regulatory strategy or something closer to a belief in building a superior intelligence. Their practical conclusion was that open models, swappable systems and worker fluency are the main checks against AI power consolidating in a few labs or agencies.

Jason Calacanis · David Sacks · Chamath Palihapitiya · Bill Gurley · Nick CalacanisAll-In PodcastMay 29, 202627 min read

AI Compute Remains Supply Constrained as Infrastructure Stocks Pull Ahead

Altimeter founder Brad Gerstner argues that the AI boom remains constrained by compute supply rather than exhausted demand, and says that view explains the firm’s large bets on OpenAI, Anthropic, Nvidia, Snowflake and related infrastructure. In a live TBPN conversation, he ties the investment case to a broader political one: the US must keep building data centers and compute capacity to compete with China, while using initiatives such as Trump Accounts to give more Americans a direct ownership stake in the wealth AI may create.

Brad Gerstner · Jordi Hays · John CooganTBPNMay 29, 202617 min read

AI Value Is Shifting From Models to Operating-Layer Control

AI is shifting value toward those who control the layer beneath the interface: iOS permissions and user context, enterprise token flows, compute capacity, data centres and ownership accounts. John Gruber argued that Apple’s AI test is not lateness but whether it will let third-party agents operate deeply inside iOS, while Brad Gerstner argued that enterprise AI spending can keep growing through optimization because tokens and physical infrastructure remain scarce. Kyle Kuzma’s investing comments fit the same ownership frame, treating athlete access as a way to build long-term stakes beyond basketball.

Jordi Hays · John Coogan · Brad Gerstner · Zane Mountcastle · Jamie Cuffe · John Gruber · Ronak Malde · Kyle Kuzma · Tyler CosgroveTBPNMay 29, 202627 min read

Codex Moves Builder Work From Coding to Specification

Matias Castello, product lead at Alchemy, argues that Codex is shifting software work from writing code toward specifying intent, constraints and preferences clearly enough for an agent to act. In a conversation with OpenAI’s Romain Huet, Castello describes using Codex for code review, product documents, backlog creation, feature experiments and personal projects, with human judgment reserved for deciding what should ship. His central claim is that the limiting factor is increasingly not implementation capacity but how well builders can communicate what they want.

Romain Huet · Matias CastelloOpenAIMay 29, 202611 min read

AI Infrastructure Spending Is Driving Valuations Across Tech Markets

Tech investors are pricing not only AI models but the infrastructure, financing and execution needed to turn heavy spending into returns, according to Bloomberg Technology’s May 29 coverage. The program tied Dell’s raised outlook and AI server forecast, Anthropic’s reported $965 billion valuation and private-credit financing, and SpaceX’s lower reported $1.8 trillion IPO target to a broader question of whether demand can become durable revenue and profit. Its SpaceX segment framed the revised target as a test of investor willingness to underwrite Elon Musk’s operating record and ambitions at valuation multiples far beyond current sales.

Benedikt Kammel · Shirin Ghaffary · Ed Ludlow · Rebecca Torrence · Carson Block · Carolina Parada · Shery Ahn · Loren Grush · David Kennedy · Tim Stenovec · George Ferguson · Silas Brown · Janet Mui · Matthew WeirBloomberg TechnologyMay 29, 202614 min read

Anthropic’s New Funding Round Pushes Its Valuation Past OpenAI

Bloomberg reports that Anthropic has raised new funding at a valuation that, on at least one measure, puts it ahead of OpenAI for the first time. Bloomberg AI reporter Shirin Ghaffary argues the investor demand is less about a settled ranking than about Anthropic’s rapid revenue growth and its clearer enterprise use case through Claude Code. She cautions that the lead is provisional, with OpenAI and Google also advancing in coding agents as the companies move toward possible IPOs.

Shirin Ghaffary · Tim StenovecBloomberg TechnologyMay 29, 20263 min read

Loblaw Says AI Now Generates 46.9% of Its Code

Lauren Steinberg, Loblaw’s chief digital officer, argues that OpenAI tools are already changing both employee work and customer-facing retail flows at Canada’s largest retailer. She says ChatGPT Enterprise is available to every Loblaw colleague, Codex is contributing to internal code-generation and pull-request-linked productivity gains, and ChatGPT-powered PC Express can move a shopper from a dinner question to a local, priced basket. The case is supported by Loblaw’s own on-screen examples and internal data, rather than an independent audit.

Lauren SteinbergOpenAIMay 29, 20265 min read

Giga Says Product Velocity Beat a 400-Person Rival at DoorDash

Giga co-founder Varun Vummadi argues that enterprise AI companies win less by selling a vision than by proving, in paid deployments, that their product can move a customer’s operating metrics. In a Startup School India interview with YC general partner Ankit Gupta, Vummadi traces how Giga abandoned its original edtech idea, followed customer demand into support automation, and used a small engineering team to win accounts including DoorDash. His broader case is that AI startups should charge early, iterate against real business KPIs, and treat product performance as their strongest sales tool.

Varun Vummadi · Ankit GuptaY CombinatorMay 29, 202613 min read

Agentic AI Projects Fail When Governance Cannot Move at Machine Speed

Accenture’s Jess Grogan-Avignon and Jack Wang argue that many enterprise agentic AI projects fail not because the agent cannot be built, but because the institution around it cannot move fast enough to ship and learn from it. Drawing on their experience building an agentic application in two weeks and spending another year getting it into production, they say enterprises must recode governance, fund AI as a portfolio of bets, deliver through hypothesis loops, grant autonomy only as evidence builds, and treat live customer feedback as the defensible asset.

Jess Grogan-Avignon · Jack WangAI EngineerMay 28, 202611 min read

Devin’s 80% Commit Share Shows Background Agents Becoming Production Infrastructure

Cognition co-founder and CPO Walden Yan and OpenInspect creator Cole Murray argue that software engineering is moving from IDE-based, step-by-step prompting toward background agents that can turn a specification into a tested pull request. Their case is that Devin’s rise from 16% to 80% of non-merge commits across three Cognition repos is not mainly a model benchmark, but evidence of a production workflow built on cloud sandboxes, scoped permissions, repo setup, testing, integrations, memory, and code review. Both warn that autonomy without those systems can degrade a codebase as quickly as it accelerates output.

Shawn Wang · Walden Yan · Cole MurrayLatent SpaceMay 28, 202623 min read

Snowflake Rally Reflects AI Demand More Than Amazon Deal

Bloomberg Technology framed Snowflake’s 34% stock surge less as a reaction to its $6 billion Amazon Web Services deal than as a repricing of its AI software position. Snowflake chief executive Sridhar Ramaswamy pointed to stronger product revenue, higher retention and adoption of tools such as Cortex, while Bloomberg’s Brody Ford argued the AWS agreement mainly helps answer how Snowflake can manage the infrastructure costs of building AI features.

Ed Ludlow · Caroline Hyde · Mark Gurman · Brody Ford · Sridhar Ramaswamy · Sampriti Bhattacharyya · Jo Constantz · Jared Isaacman · Eric Vishria · Stephen Engle · Shweta Khajuria · Alexandra Levine · Yeyi Yun · Arthur Mensch · Carson BlockBloomberg TechnologyMay 28, 202612 min read

AI Has Made Technology Fluency Mandatory for Fundamental Investors

Dan Loeb, founder of Third Point, argues that investing has become inseparable from technology, with AI, semiconductors and energy now overriding much of the usual macro framework. In a conversation with Patrick O’Shaughnessy, Loeb traces Third Point’s shift from event-driven credit and deep-value situations toward quality businesses, thematic technology investing, activism and cross-capital-structure credit, while maintaining that markets still misprice companies because humans, governance failures and structural trading constraints have not gone away.

Patrick O'Shaughnessy · Dan LoebInvest Like The BestMay 28, 202624 min read

Chip Ganassi Racing Uses OpenAI to Find Tenths Between Sessions

OpenAI’s Joyce Ruffell presents the company’s collaboration with Chip Ganassi Racing as an effort to turn an already data-rich IndyCar operation into a faster decision-making system. The case made in the source is not that AI replaces race judgment, but that it can connect historical, test, race, pit-stop, and strategy data quickly enough to matter in the narrow windows between sessions and during a race. At Long Beach, the argument is illustrated through Alex Palou’s win: a late pit-strategy adaptation, precise crew execution, and trusted information flow produced the margin.

Barry Wanser · Alex Palou · Chip Ganassi · Joyce Ruffell · Will PlummerOpenAIMay 28, 20266 min read

AI Startups Are Selling Labor, Not Software Seats

Elad Gil argues that generative AI is changing the basic unit of enterprise technology from software seats to “human labor equivalents” — work product, labor hours and cognition that buyers can purchase directly. In a Tim Ferriss interview, the investor says that shift is reopening markets that once looked structurally unattractive, from legal software to other white-collar categories, because AI is giving companies something materially different to sell. Gil’s broader case is that this is a rare consensus moment: buyer openness is high, language models plug into existing commercial workflows, and weak growth from an AI company is therefore a sign that something is wrong.

Tim Ferriss · Elad GilTim FerrissMay 28, 20267 min read

Snowflake Raises Outlook After $6 Billion Amazon Cloud Agreement

Snowflake CEO Sridhar Ramaswamy told Bloomberg that the company’s stronger outlook reflects AI-driven demand for its data platform, not a threat to its software model. He argued that Snowflake’s $6 billion multiyear Amazon agreement will lower infrastructure costs, support cheaper AI pricing for customers and strengthen joint selling, while product adoption and revenue metrics show AI increasing consumption on the platform.

Caroline Hyde · Matt Miller · Sridhar RamaswamyBloomberg TechnologyMay 28, 20265 min read

Voice Will Become the Default Interface for Enterprise AI

Luiz Domingos, chief technology officer of Mitel, argues that enterprise AI has moved past pilots and into communications workflows where latency, compliance, auditability and human oversight determine whether systems can be deployed. In a conversation with Craig Smith, Domingos says cloud-only AI will not meet the needs of real-time voice and regulated industries, and that edge and hybrid deployments will become central. His larger prediction is that enterprise AI will increasingly be accessed by voice rather than screens, especially for frontline workers whose jobs do not fit a desktop interface.

Craig Smith · Luiz DomingosEye on AIMay 28, 202616 min read

Enterprise AI Security Is Moving From Chat Monitoring to Action Control

Maxim Bar Kogan, founder and CEO of Onyx Security, argues that enterprise AI security is shifting from policing chatbot data leaks to controlling autonomous agents that can use credentials, call APIs, edit code and alter production systems. In a conversation with Sarah Guo, he makes the case for an independent AI control plane that can judge whether an agent’s actions match its assigned intent, rather than relying on traditional permissions, proxies or the model vendors themselves. Kogan says the hard problem is doing that supervision cheaply and quickly enough for enterprise deployment.

Sarah Guo · Maxim KoganNo PriorsMay 28, 202614 min read

High-Bandwidth Memory Repricing Pushes SK Hynix and Micron Past $1 Trillion

SK Hynix and Micron’s rise past $1 trillion in combined market value was presented on Bloomberg Technology as a sign that investors are repricing high-bandwidth memory as a constraint on AI infrastructure. Bloomberg’s Ryan Vlastelica said the gains reflected growing appreciation that memory demand is feeding directly into revenue and share prices, while Ian King cautioned that memory has long been a volatile commodity business built around supply cycles. The broader argument was that the AI boom is exposing limits in hardware supply, export-control enforcement and power capacity, not simply lifting technology stocks.

Caroline Hyde · Ed Ludlow · Ryan Vlastelica · Michael Shepard · Peter Diamandis · Ian King · Scott Wu · Brody Ford · Jason Thomas · Dan Murtaugh · Nancy Tengler · Stephen Engle · Iqbal KhanBloomberg TechnologyMay 27, 202619 min read

Cognition Raises $1 Billion as Devin Revenue Run Rate Nears $500 Million

Cognition CEO Scott Wu told Bloomberg Technology that the AI coding startup’s new $1bn-plus financing, at a $26bn valuation, is backed by a revenue run rate nearing $500mn and rising enterprise use of its Devin system. Wu argued that Cognition’s opportunity lies in making software teams far more productive across large institutions, while its independence from any single AI lab lets Devin use whichever model is best suited to the work.

Ed Ludlow · Caroline Hyde · Scott WuBloomberg TechnologyMay 27, 20266 min read

SpaceX, OpenAI, and Anthropic Face Different IPO Story Tests

Dick Costolo, the former Twitter chief executive and managing partner at 01 Advisors, argues on Big Technology Podcast that SpaceX, OpenAI and Anthropic will be judged in the public markets as much by their IPO narratives as by their financials. In his view, SpaceX can lean on Elon Musk’s ability to sell a long-term story, OpenAI faces a harder test because its compute and data-center promises already carry specific dollar commitments, and Anthropic may have the cleanest case if it can present itself first as the enterprise AI company.

Alex Kantrowitz · Dick CostoloAlex KantrowitzMay 27, 202621 min read

Comprehension Made Up 67% of One Engineer’s Claude Coding Sessions

Priscila Andre de Oliveira, a senior engineer at Sentry, argues that the most useful daily AI skill in a large production codebase is not code generation but comprehension. After analyzing 116 of her own Claude sessions, she found that 67% of her prompts were about understanding code and just 2% were generation. Her workflow, built around a local “catch me up” skill, uses AI to trace architecture, conventions, tests, history and behavior before any planning or implementation begins, because she says slop starts when the engineer’s mental model is wrong.

Priscila OliveiraAI EngineerMay 27, 20269 min read

YC Says Internal Agents Need Shared Context, Tools, and Trust

YC’s Pete Koomen argues that building “superintelligence” inside a company requires more than adding AI features to existing software: agents need access to the organization’s shared context, tools and accumulated work. In a Lightcone discussion with Garry Tan, Jared Friedman, Diana Hu and Harj Taggar, Koomen describes how YC’s internal agent system became useful once it could query a unified company database, reuse hundreds of internal tools and turn repeated judgment into improving skills. The broader claim is that AI-native organizations will depend as much on trust, transparency and broad access as on model capability.

Garry Tan · Diana Hu · Jared Friedman · Harj Taggar · Tom Blomfield · Pete KoomenY CombinatorMay 27, 202617 min read

Abstraction Requires Accountability When AI, Logistics, and Companies Get Too Complex

Abstraction creates value only when responsibility for the hidden system remains clear, the TBPN discussion argued across AI ethics, company governance, logistics and inference markets. Christopher Hale framed the Vatican’s AI position as a claim that human dignity and accountability must govern algorithmic systems; Eric Ries argued that mission-driven companies need structures strong enough to resist capital and convenience; and Sean Henry and Alex Atallah described logistics and AI markets where software layers must still answer for the fragmented physical or computational systems beneath them.

John Coogan · Jordi Hays · Eric Ries · Christopher Hale · Alex Atallah · Sean HenryTBPNMay 26, 202623 min read

Wall Street Banks Pay $25,000 a Day for AI Fluency

Bloomberg’s Sally Bakewell argues that Wall Street’s AI challenge has shifted from buying software to teaching bankers how to use it in finance-specific work. She says firms have already spent heavily on AI tools, but demand is rising for trainers such as Wall Street Prompt, which can charge $25,000 a day to teach bankers how to apply generative AI to tasks such as founder diligence, earnings analysis and forecasting. In Bakewell’s account, banks are treating AI fluency as a competitive necessity as much as a productivity initiative.

Caroline Hyde · Ed Ludlow · Sally BakewellBloomberg TechnologyMay 26, 20265 min read

Enterprise AI Agents Need Sandboxed Runtimes and Deny-By-Default Governance

In a ServiceNow-sponsored interview, ServiceNow AI engineering executive Joe Davis and Nvidia agentic AI product chief Adel Hallak argue that enterprise AI agents should be built as governed systems, not as single models with broad autonomy. They describe agents as layered architectures of models, harnesses, tools, sandboxed runtimes, permissions and control towers, with default-deny access replacing trust in the model’s judgment. Davis points to ServiceNow’s internal automation of 90% of some IT support requests as the practical proof point; Hallak frames Nvidia’s OpenShell and model stack as infrastructure for making that kind of autonomy enforceable.

Alex Kantrowitz · Adel Hallak · Joe DavisAlex KantrowitzMay 26, 202612 min read

Context Engines Make Coding Agents Mergeable, Not Just Functional

Brandon Waselnuk of Unblocked argues that coding agents are failing less because they lack access to tools than because they lack organizational context. In his account, MCP connections, larger context windows and naive RAG give agents more material, but not the judgment to know which code patterns, Slack decisions, ownership signals or backwards-compatibility rules matter. His proposed answer is a runtime context engine that reasons across code, PRs, documents, conversations and social structure before the agent writes code, so its output is closer to something a long-tenured engineer could merge.

Brandon WaselnukAI EngineerMay 26, 202613 min read

Distributed RL Let Composer Match Frontier Coding Models With Smaller-Model Speed

Cursor’s Federico Cassano and Fireworks’ Dmytro Dzhulgakov argue that Composer’s advantage comes from specializing a model for software engineering inside Cursor rather than spending capacity on general-purpose behavior. Starting from an open-source base, Cursor used mid-training and reinforcement learning against its own product environment, while Fireworks supplied the distributed infrastructure needed to make agent rollouts, weight synchronization, and inference efficient enough to run at scale. Their case is that application companies with enough product-specific usage, tools, and feedback can build models that are better, faster, and cheaper for their own workflows than larger general models.

Sonya Huang · Dmytro Dzhulgakov · Federico CassanoSequoia CapitalMay 26, 202617 min read

AI Companies Race Toward IPOs Before Growth Narratives Weaken

Alex Kantrowitz and Ranjan Roy argue on Big Technology that OpenAI’s potential IPO is less a sign of financial readiness than a race to define the AI market before Anthropic does. They say OpenAI’s huge revenue and deep losses, Anthropic’s reported acceleration and possible profitability, and SpaceX’s AI-heavy IPO pitch all point to companies trying to sell public investors on future infrastructure demand before the current growth story weakens. The discussion also frames rising public hostility to AI as a practical risk: the industry needs capital to build, but it may also need permission.

Alex Kantrowitz · Ranjan RoyAlex KantrowitzMay 25, 202618 min read

Enterprises Are Misassigning GenAI Work to Traditional ML Teams

Phil Hetzel of Braintrust argues that many enterprises misassigned generative AI work to data science and ML platform teams because it carried the AI label. His case is not that those teams are irrelevant, but that LLM application work starts after providers such as OpenAI and Anthropic have trained the base models. What remains, he says, is a broader product and systems problem: prompt and context engineering, domain annotation, functional evaluation, observability, and production feedback loops that require data scientists, engineers, and subject-matter experts working together.

Phil HetzelAI EngineerMay 25, 20269 min read

AI Automation Is Expanding the Human Work Layer

Dan Shipper, co-founder and CEO of Every, argues that the next phase of AI at work will not be a simple substitution of machines for people. Drawing on Every’s use of agents across a 30-person media and software company, he says better automation is creating more human work around framing, supervising, integrating, and judging AI output. His forecast is that agents will become shared company infrastructure and daily work surfaces, while SaaS, product managers, designers, and forward-deployed engineers remain central because someone still has to decide what should be built and trusted.

Lenny Rachitsky · Dan ShipperLenny's PodcastMay 24, 202629 min read

ChatGPT Workspace Agents Get Layered Admin and Builder Controls

OpenAI is presenting workspace agents in ChatGPT as shared, scheduled operators for repeatable team workflows, generally available to Business, Enterprise, and Edu customers. Using a Product Feedback Intel demo, the source argues that such agents require layered controls because they can read across tools, post outputs, remember feedback, and create downstream work. Builders set an individual agent’s tool access, actions, and constraints, while enterprise admins govern role access, app permissions, available actions, and human confirmation requirements across the workspace.

OpenAIMay 22, 20265 min read

SpaceX, OpenAI, and Anthropic IPOs Could Reshape Public-Market Flows

TBPN’s John Coogan and Jordi Hays argue that SpaceX, OpenAI and Anthropic are no longer just IPO candidates, but infrastructure-scale companies whose listings could move index flows while arriving after much of the frontier-technology upside has accrued in private markets. Across the discussion, they frame AI models, memory chips and agentic software as strategic infrastructure forming before public markets, regulation, costs and supply chains have settled around it. Apeel founder James Rogers gives the adoption-side warning: he says a regulated food-preservation product with real retail traction was driven out of U.S. stores by a suspicion campaign that exploited trust gaps in the food system.

John Coogan · Jordi Hays · Tyler Cosgrove · Dan Shipper · Matt Grimm · James RogersTBPNMay 22, 202628 min read

ChatGPT Adds In-PowerPoint Drafting and Editing for Business Decks

OpenAI presents ChatGPT for PowerPoint as an embedded drafting and editing layer for business presentations, now available in beta to all customers. The source argues that the tool is meant to turn scattered company material — notes, account context, market research, prior deck fragments and analysis files — into a structured executive deck inside PowerPoint, with the user reviewing the storyline before generation and refining slide content afterward. Its claim is less that ChatGPT can make slides from a prompt than that it can keep the source material, outline, draft and edits in one workflow.

OpenAIMay 22, 20266 min read

Enterprise AI Advantage Comes From Internal Evals and Proprietary Context

Yash Patil, chief executive of Applied Compute and a guest speaker in Stanford’s MS&E435 seminar, argues that the enterprise opportunity in AI is shifting from access to general frontier models toward the ability to define and optimize company-specific tasks. General models provide a baseline, he says, but durable advantage comes from internal evals, verifiers, feedback loops, proprietary context and product constraints that teach systems what “correct” means inside a business.

Apoorv Agrawal · Yash PatilStanford OnlineMay 22, 202618 min read

Starship V3 Scrub Delays SpaceX’s IPO-Timed Reuse Test

Bloomberg Technology framed the day’s tech news around a common test: whether ambitious hardware and AI claims can be backed by execution. Ed Ludlow and guests treated SpaceX’s scrubbed Starship V3 launch as more than a minor delay, because the vehicle is central to SpaceX’s payload, reuse and IPO story, while Lenovo CFO Winston Cheng argued that the company’s AI growth rests on both devices and infrastructure despite component constraints. The program also contrasted Zoom’s usage-based AI pitch with Bloomberg reporting that some Salesforce agentic AI demonstrations remain ahead of real customer deployment.

Ed Ludlow · Laura Crabtree · Winston Cheng · Tom Hale · Dana Wollman · Brody Ford · Michelle Chang · Loren GrushBloomberg TechnologyMay 22, 202612 min read

Zoom Raises Forecast as AI Features Broaden Its Meetings Business

Zoom CFO Michelle Chang told Bloomberg that the company’s raised full-year earnings and revenue forecast reflected more than a quarterly beat, framing it as evidence that Zoom is repositioning beyond video meetings. Chang argued that AI features such as AI Companion and My Notes are helping turn Zoom into a broader “system of action” around workplace conversations, while the company continues to emphasize profitability, cash generation, and the reliability that built its original meeting business.

Ed Ludlow · Michelle ChangBloomberg TechnologyMay 22, 20264 min read

Container Images Turn OpenClaw Setups Into Reproducible Team Baselines

Sally Ann O’Malley of Red Hat argues that an OpenClaw agent setup should be shared as a container image rather than as a bundle of markdown, YAML, copied keys and informal instructions. Her demo uses Podman locally and Kubernetes for distribution, with the same image, separate secret backends, volume-backed state and a curated agent bundle so a personal setup can become a reproducible team baseline.

Sally O'MalleyAI EngineerMay 22, 202612 min read

Enterprise AI Returns Could Justify a Five-Year Nvidia Build-Out

Ross Gerber, co-founder and CEO of Gerber Kawasaki Wealth and Investment Management, told Bloomberg that Nvidia’s first-quarter earnings should be read less as a single-company event than as a gauge of a multi-year AI infrastructure build-out. He argued that demand for AI capacity and enterprise productivity gains remain underestimated, while the main risk is whether power, data centers, capital and political approval can keep pace with the investment required.

Ross GerberBloomberg TechnologyMay 22, 20265 min read

Enterprise Agentic AI Adoption Is Still Below 1 Out Of 10

EY global consulting chief Errol Gardner argues that enterprise agentic AI remains far earlier than the market narrative suggests, rating adoption at less than 1 on a 0-to-10 scale. In a conversation with Craig Smith, Gardner says the main obstacle is not model capability but the difficulty of changing large organizations: aligning leaders, managers, workers, data controls and governance around redesigned workflows. He expects agentic AI to matter, but says scaled adoption will be slowed by human resistance, regulation, workforce displacement concerns and unresolved questions about who captures the value.

Craig Smith · Errol GardnerEye on AIMay 22, 202617 min read

Cisco Says Codex Cut AI Defense Delivery From Quarters to Weeks

Cisco’s DJ Sampath says Codex became central to building AI Defense, Cisco’s security product for monitoring and validating AI systems, rather than serving as a peripheral coding aid. According to Sampath, Codex wrote the majority of AI Defense, is writing every new feature for it, and helped move delivery timelines for some features from several quarters to weeks.

DJ SampathOpenAIMay 22, 20264 min read

AI Demand Broadens Beyond Hyperscalers Into Software, Devices and Space

Ivan Feinseth, chief investment officer at Tigress Financial, argued on Bloomberg Technology that the AI investment case is already broader than the hyperscale capex cycle and the next wave of AI IPOs. He pointed to Microsoft’s Azure and Copilot revenue, Adobe’s underrecognized AI content tools, Garmin’s health-and-wellness devices and SpaceX’s long-duration space story, while cautioning that AI-native IPOs may draw strong initial demand but will still have to prove themselves as public companies.

Ivan Feinseth · Paul Sweeney · Tom KeeneBloomberg TechnologyMay 22, 20265 min read

AI’s Bottlenecks Shift From Model Demos to Compute, Rights, and Institutions

AI, in TBPN’s latest discussion, is no longer treated mainly as a product demo but as a question of infrastructure, financing and institutional adoption. The strongest evidence came from SpaceX’s AI-heavy IPO framing, Anthropic’s reported move toward operating profit, and OpenAI’s claimed Erdős breakthrough, which the speakers used to challenge the “AI is a scam” critique. The unresolved issue is not whether the technology matters, but how quickly compute capacity, rights regimes, regulation and existing institutions can absorb it.

John Coogan · Jordi Hays · Tyler Cosgrove · Alex Tabarrok · Bill Clerico · Christina Storm · Erik Bernhardsson · Alex Norström · Jordan SchneiderTBPNMay 21, 202627 min read

OpenAI Adds Team Sharing for Custom Codex Plugins

OpenAI says Codex plugins can now be shared across a workspace rather than remaining local to one user’s machine. The update lets creators distribute custom plugins to invited users or anyone in the workspace with a link, gives recipients a “Shared with you” area in the plugin directory, and adds direct share URLs for curated plugin pages. The company’s case is that recurring team workflows such as onboarding, pull-request preparation, and Slack triage can be packaged as Codex plugins and reused by teammates from inside the app.

Corey ChingOpenAIMay 21, 20264 min read

SpaceX IPO Pitch Seeks $2 Trillion Valuation on AI and Mars

Bloomberg Technology’s Ed Ludlow framed SpaceX’s Nasdaq IPO filing as a test of whether public investors will underwrite Elon Musk’s farthest-reaching claims: a company seeking a valuation above $2 trillion, as much as $75 billion in proceeds and a $28.5 trillion addressable market built largely on AI, Starlink and Mars. Bloomberg reporters and guests said the filing asks investors to look past large losses, debt and Musk’s continuing control, while treating Starship and space-based infrastructure as central to the valuation case rather than speculative side projects. The program placed that pitch alongside Nvidia’s effort to prove AI demand is broadening beyond hyperscalers and possible OpenAI and Anthropic filings that could bring similar public-market scrutiny to frontier AI.

Ed Ludlow · Lauren Webster · Anthony Wang · Jensen Huang · Brian Chesky · Kunjan Sobhani · Sarah Guo · Sana Pashankar · Benedikt Kammel · Shirin Ghaffary · Anna Rathbun · Ryan GouldBloomberg TechnologyMay 21, 202615 min read

Nvidia’s AI Growth Case Extends Beyond Hyperscale Data Centers

T. Rowe Price portfolio manager Tony Wang told Bloomberg Tech that Nvidia’s selloff after earnings reflects investors applying an old semiconductor-cycle framework to a company whose AI demand may be more durable. Wang argued that agentic AI, inference, enterprise and sovereign customers, and Nvidia’s ecosystem investments widen the company’s market beyond hyperscale data-center spending. He said that makes Nvidia’s strategy “smart” and its valuation attractive if growth proves less cyclical than the market assumes.

Ed Ludlow · Jensen Huang · Anthony WangBloomberg TechnologyMay 21, 20267 min read

Claude Cowork’s Travel Test Shows Agent Value Beyond Token Consumption

Anthropic’s Claude Code head Boris Cherny argues that agentic AI should be judged by completed work, not raw token use, citing a recent test in which Claude Cowork checked his email and calendar, corrected his itinerary, and booked eight flights and five hotels. Pressed by Alex Kantrowitz on whether corporate AI adoption is being distorted by “tokenmaxxing,” Cherny says the more important signal is the scale of productivity gains Anthropic and customers are seeing, and that companies may need to redesign work around AI rather than simply mandate usage.

Boris Cherny · Alex KantrowitzAlex KantrowitzMay 21, 20267 min read

AI-Generated PR Firehoses Are Turning Agent Work Into Infrastructure

OpenClaw maintainer Onur Solmaz argues that high-volume AI-generated pull requests are less a code-review problem than an operations problem. In his talk, he presents acpx, a headless CLI for the Agent Client Protocol, as a way to replace terminal scraping with structured agent workflows that can reproduce bugs, judge implementations, run review loops and emit machine-readable results. He extends the same model to Spritz, a Kubernetes operator for disposable per-task agent pods, making the case for interoperable, isolated agent infrastructure rather than one shared bot or ad hoc maintainer intervention.

Onur SolmazAI EngineerMay 21, 202611 min read

Ivan Zhao Says AI Makes Companies Flatter, Not Hierarchy-Free

Notion founder and CEO Ivan Zhao argues that AI will not make companies hierarchy-free, but can reduce the amount of human routing that makes hierarchy slow. In a conversation with Brian Halligan, Zhao describes Notion’s answer as “jazz mode”: a deliberately decentralized company that still has structure, but relies on high-agency people, ex-founders and model-enabled teams to improvise as product and market conditions change. His broader case is that AI-era leaders have to refound around the technology itself, not just bolt it onto the old SaaS operating model.

Brian Halligan · Ivan ZhaoSequoia CapitalMay 21, 202621 min read

AI-Native Startups Are Replacing Teams With Agentic Operating Systems

In a Stanford CS153 Frontier Systems lecture, Y Combinator CEO Garry Tan and general partner Diana Hu argue that AI agents are changing the basic production unit of a startup from a team to a founder operating through skills, memory, evals and customer feedback loops. Tan frames agentic coding as a programmable company architecture, while Hu says AI-native companies are becoming closed-loop systems with far higher revenue per employee and less need for traditional managerial coordination.

Garry Tan · Diana HuStanford OnlineMay 20, 202617 min read

Claude Code’s Growth Tests the Economics of Long-Running AI Agents

Anthropic’s Claude Code head Boris Cherny argues that the product has become more than an AI coding tool: it is now one of the company’s main surfaces for agentic AI. In a Big Technology interview, Cherny says Claude Code’s rapid growth reflects real productivity gains and a shift from models that answer questions to systems that can use tools, run tasks, and coordinate other agents, while acknowledging that rate limits, token costs, safety checks, and organizational change remain unresolved constraints.

Alex Kantrowitz · Boris ChernyAlex KantrowitzMay 20, 202620 min read

Gemini’s Strategy Shifts From Frontier Leaderboards to Deployable AI Infrastructure

Google DeepMind executives Tulsee Doshi and Logan Kilpatrick argue that Google’s current Gemini strategy is built less around a single frontier model than around a deployable AI stack. In their account, Gemini 3.5 Flash, the Anti-Gravity agent harness and new multimodal products such as Omni are meant to make models fast, cheap and integrated enough to run across Search, the Gemini app, AI Studio, YouTube and enterprise tools. The deeper shift, Kilpatrick says, is that the model is increasingly absorbing the scaffolding that once surrounded it, while Google standardizes the remaining agent infrastructure across its products.

Nathan Labenz · Logan Kilpatrick · Tulsee DoshiThe Cognitive RevolutionMay 20, 202619 min read

AI’s Value Is Shifting From Model Demos to Distribution and Measurement

Google’s problem at I/O, Jordi Hays argued, was no longer proving that its AI models are impressive, but making Gemini useful rather than redundant across products investors now increasingly view as part of a full-stack AI business. The TBPN discussion extended that framing across the rest of the show: AI’s value, the hosts and guests argued, depends less on model spectacle than on distribution, workflow integration, economics and adoption by institutions. That distinction ran from Google’s risk of crowding users with Gemini entry points to SendCutSend’s physical capacity constraints, Commure’s push to automate healthcare administration, and METR’s effort to turn frontier-model risk into something auditable.

Jordi Hays · John Coogan · Ajeya Cotra · Jim Belosic · Tanay Tandon · Aidan Dewar · Fai Nur · Philip InghelbrechtTBPNMay 19, 202631 min read

Google Turns TPU Capacity Into a Blackstone-Backed Neocloud

Bloomberg Technology’s Caroline Hyde and Ed Ludlow frame Google’s new venture with Blackstone as an attempt to turn Google’s TPU capacity into an AI cloud business outside Google Cloud. Bloomberg Intelligence’s Mandeep Singh argues the structure could help Google meet external demand for its chips by shifting more of the data-center burden to Blackstone, creating a TPU-based rival to Nvidia-centered neocloud providers.

Ed Ludlow · Caroline Hyde · Mandeep Singh · Jensen Huang · Madlin Mekelburg · Parag Agrawal · Lisa Abramowicz · Lori Beer · Michael Dell · Marta Norton · Riley Griffin · Dan Wright · Dorothy LundBloomberg TechnologyMay 19, 202614 min read

JPMorgan Sees 10–30% Productivity Gains From Early AI Tools

JPMorgan global chief information officer Lori Beer told Bloomberg that the bank is already seeing 10% to 30% productivity gains from early AI tools in its technology organization, with agentic systems likely to expand the opportunity. She framed AI less as a headcount-reduction program than as a way to increase capacity for product and engineering work, while warning that the same tools raise cybersecurity risks and require tighter controls, flexible vendor choices, and leadership capable of managing through uncertainty.

Lisa Abramowicz · Lori BeerBloomberg TechnologyMay 19, 20265 min read

Serval Bets Boring IT Controls Will Unlock Enterprise AI

Serval founder and CEO Jake Stauch argues that enterprise AI will be won less by giving models broad autonomy than by constraining them inside permissions, approvals, audits and workflows that companies can trust. In a conversation hosted by Sequoia’s Pat Grady, Stauch describes Serval as a ServiceNow-like system rebuilt for AI: an admin agent generates workflows from natural language, while a help desk agent can act only through tools IT has explicitly approved. He says that same logic extends to Serval’s operating model, where customer insight and “fewer, better” hiring matter more than model access in a market that may force products to be rebuilt every few months.

Pat Grady · Jake StauchSequoia CapitalMay 19, 202615 min read

AI Infrastructure Demand Is Still Outrunning Dell and Nvidia’s Supply Chain

Dell Technologies chief executive Michael Dell and Nvidia chief executive Jensen Huang told Bloomberg’s Ed Ludlow that enterprise demand for local AI factories is outpacing supply even as the AI infrastructure supply chain expands rapidly. Dell argued that companies are seeking on-premises systems because AI can produce order-of-magnitude workflow gains, while Huang said the build-out is only beginning and could strain supply for at least a decade, with memory remaining a live constraint.

Ed Ludlow · Jensen Huang · Michael DellBloomberg TechnologyMay 18, 20265 min read

UK Government Tests an Insurgent Model for In-House AI Delivery

Eoin Mulgrew of the Number 10 data science team argues that the UK state’s AI problem is less a shortage of use cases than a shortage of technical people with the access, mandate, and proximity to build inside government workflows. In a talk on the No. 10 Innovation Fellowship, he presents the model as a deliberate hack around normal civil-service constraints: market-rate pay, outside recruitment, a highly selective technical process, and authority to enter departments and ship tools that remain with the teams using them.

Eoin MulgrewAI EngineerMay 18, 202614 min read

Microsoft’s OpenAI Advantage Has Not Become an AI Product Lead

Alex Kantrowitz and Ranjan Roy use Satya Nadella’s 2022 email about Microsoft’s dependence on OpenAI and Nvidia to argue that the company saw the central AI risk early but did not turn privileged model access into a decisive product advantage. Their broader case is that distribution and partnerships are proving inadequate without control, AI-native execution, and usable integrations — a problem they see not only at Microsoft, but also in Apple’s weak ChatGPT-Siri integration and Google’s uneven AI products.

Alex Kantrowitz · Ranjan RoyAlex KantrowitzMay 18, 202616 min read

ServiceNow Says Agentic AI Lifted HR Capacity and Automated Support Work

ServiceNow executives Jacqui Canney and Kellie Romack argue that agentic AI is already changing workplace operations by creating measurable capacity rather than simply replacing jobs. In a ServiceNow-sponsored interview, they point to the company’s internal deployments — including faster commission answers, autonomous IT service-desk resolution, and large-scale support automation — as evidence that AI’s value depends on redesigning workflows, tracking the capacity created, and redeploying employees into higher-value work. Their case is that managers now have to govern both people and agents, with visibility, skills assessment, and explicit choices about what work should be automated.

Alex Kantrowitz · Jacqui Canney · Kellie RomackAlex KantrowitzMay 18, 202611 min read

Vertical AI Teams Need Domain Experts Who Own Quality Loops

Chris Lovejoy of Notius Labs argues that vertical AI companies increasingly fail or succeed on whether they can turn domain judgment into product quality, not simply on access to better models. He proposes three operating models for that expertise: an Oracle who both judges and changes outputs, an Evaluator who defines and measures quality while engineers implement fixes, and an Architect who designs systems that improve from use. His case studies of Granola, Tandem and Anterior show why the right model depends on whether quality is subjective, measurable, or too variable for manual iteration.

Chris LovejoyAI EngineerMay 16, 202614 min read

Context Graphs Make AI Decision Trails Queryable

Stephen Chin of Neo4j argues that enterprise AI systems need context graphs because retrieval alone can surface relevant facts while missing the relationships that make them usable. In his examples, a graph-augmented system can connect a patient’s emphysema care plan to smoking history or a credit decision to prior rejections, policies, margin trades and fraud signals. Chin’s case is that agents should preserve not only documents and answers, but the decision traces, tool calls, causal chains and outcomes that let humans inspect and reuse prior reasoning.

Stephen ChinAI EngineerMay 16, 202612 min read

Economic Entanglement, Not Decoupling, Defines the New China Bargain

Salesforce CEO Marc Benioff joined the All-In hosts for a discussion that framed U.S.-China relations, enterprise AI, and the software selloff around the same question: when dependence is a stabilizer and when it becomes leverage. Benioff argued that more trade with China can lower conflict risk and that large software platforms remain valuable because AI still needs trusted customer data, cash-flowing distribution, and enterprise deployment. David Friedberg, Chamath Palihapitiya, and Jason Calacanis extended the argument across Taiwan, chips, AI assistants, El Niño-driven food risk, and private-market SPVs, where interconnection can either absorb shocks or transmit them.

Jason Calacanis · Chamath Palihapitiya · David Friedberg · Marc BenioffAll-In PodcastMay 15, 202620 min read

Self-Driving Startups Shift From Science Risk to OEM Deployment

Wayve chief executive Alex Kendall and Waabi chief executive Raquel Urtasun argue that self-driving has moved from a basic research problem to an execution problem built around end-to-end AI, world models, OEM partnerships and deployment economics. In this This Week in Startups discussion, Kendall makes the case for licensing Wayve’s “intelligence layer” across consumer vehicles and robotaxis, while Urtasun says Waabi’s L4-native Driver-as-a-Service model can scale first through trucking and then robotaxis. Both reject the idea that autonomy is simply solved, but they present the remaining challenge as integration, validation, regulation and commercialization rather than a missing scientific breakthrough.

Alex Wilhelm · Alex Kendall · Jason Calacanis · Raquel UrtasunThis Week in StartupsMay 15, 202621 min read

Legacy Infrastructure Is Slowing Enterprise Agentic AI Adoption

Kris Lovejoy, global strategy leader at Kyndryl, argues that enterprises are not being held back from agentic AI mainly by model capability or startup speed, but by the difficulty of running agents securely and reliably inside legacy infrastructure. In a conversation with Craig Smith, she says pilots are widespread but scaled deployments remain rare because agents need context, governance, compliance controls and modernized IT foundations before they can touch core systems. Her near-term prediction is narrower than much of the hype: by about 2031, agentic AI may handle roughly half of traditional line-one and line-two IT administration tasks, with humans still supervising the loop.

Craig Smith · Kris LovejoyEye on AIMay 15, 202616 min read

PFF’s Two-Engineer Agent Team Shipped 10x More Output

PFF CTO Mike Spitz argues that AI agents change the basic operating constraint of an engineering organization: the question is no longer how to make engineers faster, but how to make agents faster. In a three-month case study, he says two agent-heavy engineers shipped far more frequently than a ten-person team on the same codebase, with PFF measuring a 10x output gain per engineer and higher customer satisfaction. The result, in his account, was not the end of engineers but the removal of Scrum-era coordination rituals and a sharper split between agent-executed work and human judgment.

Mike SpitzAI EngineerMay 15, 202611 min read

AI’s Value Is Moving From SaaS Margins to Hardware Capacity

PwC technology, media and telecommunications leader Dallas Dolen argues that the AI boom is a real infrastructure and business-model shift, but one constrained by chips, construction labor, telecom capacity, copper, power and enterprise economics. In a PwC-sponsored interview, he says value is moving from SaaS toward hardware, software margins are compressing, and most companies are less limited by compute access than by token costs, security rules and measurable return on investment. Dolen’s view of enterprise AI is practical and bounded: agents are working in defined back-office, sales and legal tasks, while broader automation will depend on cost, governance and human oversight.

Alex Kantrowitz · Dallas DolenAlex KantrowitzMay 15, 202614 min read

Abundance Hurts Innovation When Leaders Cannot Decide What Not to Do

Author David Epstein argues on Masters of Scale that innovation depends less on unconstrained freedom than on limits that force clearer choices. Speaking with Jeff Berman about his book Inside the Box, Epstein says useful constraints help teams decide what not to do, define problems before reaching for tools such as AI, and make tradeoffs visible before creativity turns into drift. His case is not for scarcity as virtue, but for boundaries that still leave room for agency, surprise and better judgment.

David Epstein · Jeff BermanMasters of ScaleMay 15, 202614 min read

Intercom Doubled Engineering Throughput by Standardizing on Claude Code

Brian Scanlan, a senior principal engineer at Intercom, argues that the company doubled engineering throughput by treating AI coding as an internal platform strategy rather than an individual productivity tool. In his account, Intercom standardized on Claude Code, encoded recurring engineering work into agent-usable skills, connected agents to internal systems under existing controls, and made AI adoption an explicit expectation across R&D. The reported result was a doubling of pull-request throughput, including 17.6% of merged PRs approved by Claude, alongside new bottlenecks in review and CI.

Brian ScanlanAI EngineerMay 15, 202613 min read

Abridge Bets Clinical Conversations Can Become Healthcare’s Intelligence Layer

Abridge executives Janie Lee and Chaitanya “Chai” Asawa argue that the patient-clinician conversation is becoming healthcare’s core intelligence layer, not merely an input for automated notes. In a discussion with Redpoint’s Jacob Effron, they describe Abridge’s move from ambient documentation into clinical decision support, prior authorization and other workflows that depend on EHR data, payer rules, medical literature and local guidelines. Their case is that healthcare AI will be judged less by chatbot fluency than by whether it can deliver accurate, low-latency, privacy-preserving support inside clinical workflows without adding to clinicians’ alert burden.

Shawn Wang · Janie Lee · Jacob Effron · Chaitanya AsawaLatent SpaceMay 14, 202620 min read

Cerebras Raises $5.55 Billion as AI Infrastructure Demand Lifts Tech Markets

Cerebras raised $5.55bn in the year’s largest US IPO while Cisco shares jumped on a higher hyperscaler-orders forecast, putting both a new AI compute listing and an incumbent networking supplier in the market’s AI infrastructure trade. Cerebras CEO Andrew Feldman argued that the company’s wafer-scale systems, OpenAI deal and AWS engagement show it can become a major compute supplier; Bloomberg reporters pressed the harder question of how much of today’s AI infrastructure demand will turn into broad, durable revenue.

Ed Ludlow · Caroline Hyde · Ryan Vlastelica · Jensen Huang · Tyler Kendall · Michelle Giuda · Börje Ekholm · Andrew Feldman · Tom Hale · Tasos Vossos · Carmen Arroyo · Bailey LipschultzBloomberg TechnologyMay 14, 202615 min read

Codex Is Moving From Code Generation to Delegated Knowledge Work

Codex is moving from a coding assistant toward an agent for delegated knowledge work, according to Thibault Sottiaux, OpenAI’s head of Codex. In an OpenAI Forum conversation with Chris Nicholson of OpenAI Global Affairs, Sottiaux argues that as models have become more reliable and better connected to workplace context, Codex is being used to research, organize information, create files and presentations, coordinate across tools, and run background tasks. That shift, he says, makes delegation, trust and access controls central as agents act across files, communications tools and company systems.

Chris Nicholson · Thibault SottiauxOpenAIMay 14, 202614 min read

Anthropic Seeks $30 Billion at More Than $900 Billion Valuation

Bloomberg’s technology program framed the day’s AI trade around access to scarce capacity: Nvidia chips for China, private capital for Anthropic, and manufacturing scale for Anduril. Its central report was that Anthropic is in early talks to raise at least $30 billion at a valuation above $900 billion, a deal Bloomberg’s Natasha Mascarenhas said would mark a major shift in the private AI hierarchy if completed. The program also treated Jensen Huang’s last-minute role in Trump’s China trip as a test of whether chip access can become a diplomatic deliverable without undermining Beijing’s domestic semiconductor strategy.

Ed Ludlow · Caroline Hyde · Brian Schimpf · Seth Fiegerman · Will Bruey · Max Levchin · Michael Shepard · Henry Ren · Tyler Kendall · Natasha Mascarenhas · Fiona CincottaBloomberg TechnologyMay 13, 202617 min read

Compute Allocation Is Anthropic’s Core Constraint as Claude Revenue Surges

Anthropic CFO Krishna Rao argues that the company’s rise is best understood through compute: a scarce capital asset that must be bought years ahead and constantly reallocated across model training, customer demand, internal automation and future products. In an interview with Patrick O’Shaughnessy, Rao says ordinary forecasting and software-margin frameworks break down when model capability, adoption and revenue compound together, leaving Anthropic to manage growth through scenarios rather than point estimates.

Patrick O'Shaughnessy · Krishna RaoInvest Like The BestMay 13, 202621 min read

Condé Nast Plans for a Media Business Beyond Search Traffic

Condé Nast chief executive Roger Lynch argues in a TBPN interview that publishers should plan for a media market in which search traffic is no longer a reliable foundation and generic AI content is not a defensible advantage. His case is that brands such as Vogue and The New Yorker can become more valuable if they rely on direct audience demand, subscriptions, events, editorial authority and human-reported work, while using AI mainly to make product and technology teams faster.

Jordi Hays · John Coogan · Roger LynchTBPNMay 12, 202616 min read

Koch Industries Built a $150 Billion Business Around Transferable Capabilities

Charles and Chase Koch used an All-In interview to explain Koch Industries’ rise from a 300-person company in 1961 to a private conglomerate they say is worth 9,000 times more today. Their central argument is that Koch’s refusal to go public was not incidental but essential: private ownership let the company build around transferable capabilities, long-cycle culture change, values-first talent, and experiments whose learning could matter more than near-term earnings. They extend the same framework to education, philanthropy, politics, and AI, arguing for bottom-up contribution over centralized control.

David Friedberg · Charles Koch · Chase KochAll-In PodcastMay 12, 202627 min read

Korean AI Dividend Proposal Triggers Semiconductor Stock Selloff

A South Korean policy chief’s proposal to return part of AI-related gains to citizens jolted the country’s chip market, with Samsung and SK Hynix closing down around 5% after Kim Yong-beom argued that profits from the AI infrastructure era should be shared more broadly. Bloomberg reported that the presidential office later described Kim’s post as personal opinion, while the same program pointed to related pressure points in the AI boom: CME’s plan with Silicon Data for compute futures and Nvidia CEO Jensen Huang’s absence from Trump’s China delegation as approval for Blackwell sales looked unlikely.

Ed Ludlow · Caroline Hyde · Maggie Eastland · Jamie Dimon · Katherine Doherty · Ryan Vlastelica · Bennett Siegel · Christian Klein · Michael Shepard · Kim Forrest · Larry Fink · Peter Elstrom · Keith Naughton · Madlin MekelburgBloomberg TechnologyMay 12, 202614 min read

SAP Says ERP Context Will Make AI Agents Reliable for Business

SAP chief executive Christian Klein used Bloomberg Technology to frame the company’s new autonomous enterprise platform as a bet that AI agents need business context more than proprietary models. He argued that SAP’s advantage is its access to ERP data and process knowledge, which can make agents reliable enough to coordinate work across finance, commerce, inventory, procurement and supply chains. Pressed on competition from partners such as AWS, Klein said SAP’s role is to provide the enterprise context layer while working with hyperscalers and data platforms to harmonize data beyond SAP systems.

Ed Ludlow · Caroline Hyde · Christian KleinBloomberg TechnologyMay 12, 20265 min read

Enterprise GenAI Pilots Fail When Feedback Cannot Reach the Model

Alessandro Cappelli, co-founder and chief customer officer of Adaptive ML, argues that enterprise generative AI pilots fail to reach production because companies lack a systematic way to turn defects, user feedback, business metrics and production signals into model improvement. In a talk on Fortune 500 deployments, he says prompting and instruction fine-tuning can produce credible demos, but reinforcement learning is the mechanism needed to train models and agents against enterprise-specific environments, rewards and KPIs. His case is that agents make this feedback loop more urgent, because they consume more tokens, touch live systems and leave less room for error.

Alessandro CappelliAI EngineerMay 12, 202612 min read

Risk Management Is Contingency Planning, Not Prediction

Lloyd Blankfein, the former Goldman Sachs chief executive, argues in a conversation with a16z’s David Haber that resilient institutions are built less on prediction than on disciplined contingency planning. Drawing on Goldman’s partnership culture, its financial-crisis risk controls and his view of AI, Blankfein says leaders must take risk while preserving the systems, information flow and judgment needed to survive being wrong.

David Haber · Lloyd Blankfeina16zMay 12, 202623 min read

AI Will Commoditize Legal Work Product, Not Legal Judgment

Harvey co-founder and chief executive Winston Weinberg argues that AI will commoditize much of the routine work product in law while increasing the value of judgment at the point where legal decisions are made. In a Knowledge Project interview with Shane Parrish, Weinberg describes how Harvey grew from a GPT-3 test on landlord-tenant questions into an $11bn legal AI company, and explains the operating discipline behind it: faster decisions, sharper prioritization, and a team built to withstand repeated failure.

Shane Parrish · Winston WeinbergThe Knowledge Project PodcastMay 12, 202622 min read

Cerebras’s Higher IPO Range Tests AI Infrastructure Demand

Alex Wilhelm and Jason Calacanis treat Cerebras’s raised IPO range as a test of how much public investors will pay for future AI inference demand and the quality of contracts with customers such as OpenAI. Ori Goshen makes a parallel case that enterprise AI’s hard problem is no longer choosing one model, but routing work across models, tools and inference strategies for cost, latency and accuracy. Across OpenAI’s deployment spinout, AI21’s orchestration pitch, Magrathea Metals’ brine-based magnesium plan and OpenClaw’s fading momentum, the article frames deployment as a question of incentives, constraints and where the bottleneck actually sits.

Jason Calacanis · Alex Wilhelm · Ori Goshen · Alex GrantThis Week in StartupsMay 12, 202620 min read

AI Companies Are Running Into Infrastructure, Distribution, and Trust Bottlenecks

TBPN’s discussion argued that AI’s value is now being tested less in model demos than in the bottlenecks around deployment: inference speed, power, workflow integration and access to customers. Cerebras was framed as a public-market bet on faster inference, while Giga Energy’s data-center business showed how scarce powered shells have become part of the AI supply chain. The same bottleneck logic appeared outside core AI, from Audemars Piguet using Swatch as an official low-cost entry point to Augustus, with conditional OCC approval, trying to rebuild dollar clearing as a national bank.

Jordi Hays · John Coogan · Alex Taubman · Amir Sadeghian · Quaid Walker · Matt Lohstroh · Jay Azhang · Spencer Rascoff · Tyler Cosgrove · Ferdinand Dabitz · Eric OlsonTBPNMay 11, 202632 min read

Rezolve Frames Hostile Commerce.com Bid Around Stagnant Growth and Merchant Scale

Rezolve AI chief executive Dan Wagner used a Bloomberg Technology interview to defend his hostile bid for Commerce.com as an effort to accelerate Rezolve’s push for leadership in commerce and retail AI. Wagner argued that Commerce.com’s 60,000 merchants are an underused asset held back by weak growth and limited innovation, while Rezolve’s own revenue momentum and anti-hallucination technology could make that customer base more valuable under its control.

Caroline Hyde · Ed Ludlow · Daniel WagnerBloomberg TechnologyMay 11, 20266 min read

Rising Productivity Has Not Settled AI’s Role in the Labor Market

Bloomberg’s Stacey Vanek Smith describes a $400 wager between Stanford’s Erik Brynjolfsson and Northwestern’s Robert Gordon over whether US productivity growth will average 1.8% from 2020 to 2030. Smith says recent data, including 2.9% year-over-year growth in early 2026, suggest productivity is improving, but she cautions that the figures do not show how much is due to AI. The central dispute is whether AI is making workers more productive, or whether layoffs are raising output per hour by reducing labor hours.

Caroline Hyde · Ed Ludlow · Stacey SmithBloomberg TechnologyMay 11, 20263 min read

Endava Treats Codex as a Lifecycle Agent, Not a Coding Assistant

Endava executives Joe Dunleavy and Mike Krolnik argue that Codex is changing software delivery less by speeding up individual coding than by shifting teams toward supervising generated work across the lifecycle. Dunleavy says small teams can deliver more value in compressed time as their role moves from producing code to overseeing Codex’s output. Krolnik says the tool also helps senior architects turn intent into usable artifacts and enables junior staff to produce more mature work, extending Codex’s role into planning, documentation, diagrams, and client-facing explanation.

Mike Krolnik · Joe DunleavyOpenAIMay 11, 20264 min read

Investing Behavior Looks More Like Temperament Than Strategy

Sam Parr and Shaan Puri use a discussion of genetics, investing and startup ideas to argue that outcomes often depend less on information than on fit between temperament and the game being played. Parr reads a Swedish twin study on investing behavior as evidence that biases are partly hard-wired and says the practical answer is to design systems around one’s weaknesses; Puri is more skeptical of genetic fatalism, preferring beliefs that preserve agency. Their exchange returns to Parr’s decision to put most of his post-exit money in the S&P 500 despite Howard Marks’s warning, which Parr defends as a long-horizon plan matched to his own disposition.

Sam Parr · Shaan PuriMy First MillionMay 11, 202622 min read

Long Lake’s $6.3 Billion Amex GBT Deal Tests AI-Led Buyouts

Long Lake Management co-founder and CEO Alexander Taubman argues that AI can change the economics of services businesses when the buyer owns the workflow, not just the software layer. In a conversation with Elad Gil about Long Lake’s announced $6.3bn take-private of American Express Global Business Travel, Taubman presents the firm’s model as acquiring trusted services companies, embedding its Nexus AI platform into day-to-day operations, and using productivity gains to drive growth, customer service and employee retention rather than short-term cost cuts.

Elad Gil · Sarah Guo · Alex TaubmanNo PriorsMay 11, 202613 min read

Most AI Startups Should Consider Selling Within 18 Months

Elad Gil, the investor and former operating executive, argues that many AI companies should consider selling within the next 12 to 18 months, not because AI is overhyped but because most companies formed in major technology cycles do not survive them. In a conversation with Tim Ferriss, Gil says the exceptions are the few durable winners — likely including leading foundation-model labs and deeply embedded application companies — while many others may be nearing their best exit window before growth slows, models commoditize their products, or larger competitors move in.

Tim Ferriss · Elad GilTim FerrissMay 9, 20267 min read

SpaceX-Anthropic Deal Highlights Compute as AI’s Revenue Bottleneck

The All-In panel used SpaceX’s compute deal with Anthropic to argue that frontier AI is now being constrained less by demand than by access to power, GPUs and data-center capacity. David Sacks warned that Anthropic’s reported revenue trajectory could make it a historic monopoly if sustained, while Brad Gerstner pushed back that the market is still too early and competitive for pre-emptive regulation. The discussion turned on whether AI safety concerns justify coordination with government or risk becoming an “FDA for AI,” and whether the AI boom will ultimately show up as measurable productivity and profit for customers buying tokens.

Jason Calacanis · Chamath Palihapitiya · David Sacks · Brad GerstnerAll-In PodcastMay 8, 202622 min read

Travel AI Needs Visual Agents, Not Chatbot Booking Flows

Airbnb chief executive Brian Chesky argues that today’s AI chatbots are the wrong interface for travel and e-commerce, even as AI becomes central to how Airbnb operates. In a live TBPN conversation, Chesky said consumer AI’s next wave will depend on richer, more visual and collaborative agentic products, not text-first chat boxes or another round of enterprise software. He also tied Airbnb’s recent growth reacceleration to more hands-on “founder mode” management, saying AI makes operating intensity more important rather than less.

Jordi Hays · John Coogan · Brian CheskyTBPNMay 8, 202615 min read

America’s AI Race Requires Silicon Valley to Build for National Interest

Ben Horowitz argues that a16z’s scale gives it responsibilities that now extend into national strategy. In a conversation with David Ulevitch following the firm’s largest-ever fundraise, Horowitz says Silicon Valley should treat U.S. technological leadership in AI, defense, manufacturing and allied supply chains as a national-interest obligation, not a side concern. His case is that if the next technological revolution determines global influence, venture capital and startups have to help America build, adopt and remain optimistic about the technologies that will shape it.

Ben Horowitz · David Ulevitcha16zMay 8, 202613 min read

Raising Cane’s Built a Billion-Dollar Chain by Refusing Menu Expansion

Raising Cane’s founder and CEO Todd Graves tells Masters of Scale that the chain’s growth to nearly 1,000 restaurants came from refusing much of the conventional quick-service playbook. He argues that a narrow menu built around chicken fingers, company ownership rather than franchising, resistance to private-equity-style cost cutting, and continued reliance on human service are not constraints on the brand but the operating choices that made it scalable.

Todd Graves · Jeff BermanMasters of ScaleMay 8, 202614 min read

Agentic AI Is Making Enterprise Software a Control Layer

ServiceNow president, COO and chief product officer Amit Zavery argues that agentic AI will change enterprise software, but not by letting unconstrained agents replace the platforms that run corporate workflows. In a ServiceNow-sponsored interview, Zavery says the hard problem is turning probabilistic AI into reliable action across regulated, multi-system businesses, with the context, permissions, auditability and governance that enterprises require. His case is that companies such as ServiceNow retain leverage if they make AI production-ready, while software vendors that fail to adapt remain exposed.

Alex Kantrowitz · Amit ZaveryAlex KantrowitzMay 8, 202611 min read

AI Is Splitting Product Management Into Builders and Information Movers

In a Stanford CS153 guest lecture, Mike Abbott and Nikhyl Singhal argue that AI is changing product management by eroding the value of roles built around coordination, reporting, and internal information flow. Singhal, founder of Skip and a former product executive at Meta, Google, and Credit Karma, says companies still need product judgment, but increasingly favor hands-on builders who can understand customers, work with technical systems, and make decisions. His broader case is that the product role now depends less on title and process than on company stage, iteration speed, and the ability to build directly.

Mike Abbott · Nikhyl SinghalStanford OnlineMay 7, 202617 min read

Compute Supply, Power, and Capital Are Defining the AI Buildout

Arm’s warning on smartphone weakness sat alongside a stronger claim from chief executive Rene Haas: handset softness is concentrated in lower-end devices, while data-center demand is accelerating because agentic AI workloads need CPU orchestration. Bloomberg Technology’s May 7 program used that contrast to trace a broader AI-infrastructure market in which demand is less in question than the ability to secure compute capacity, power, supply chains and capital. Anthropic’s lease of SpaceX compute and CoreWeave’s financing questions pointed to the same constraint: available infrastructure, not appetite for AI, is becoming the limiting factor.

Caroline Hyde · Rene Haas · Hannah Miller · Julia Fanzeres · John Serafini · Seth Fiegerman · Dina Bass · Niccolo Masi · Sylvia Jablonski · Chris BrittBloomberg TechnologyMay 7, 202615 min read

Perplexity Frames AI Agents as Metered Digital Labor

Perplexity chief business officer Dmitry Shevelenko argues that AI agents should be judged less as software features than as metered digital labor: tools users will pay for when they perform economically useful work. In a Big Technology Podcast interview, he makes the case that Perplexity’s computer-use agents, workflow packaging, broad permissions and multi-model orchestration are all part of that shift. The unresolved question is whether users and companies will accept the access, trust and usage-based pricing required to make those agents a real business rather than another AI novelty cycle.

Alex Kantrowitz · Dmitry ShevelenkoAlex KantrowitzMay 7, 202619 min read

Replit Agent Turned AI Coding Into a $250 Million Run-Rate Business

Replit founder Amjad Masad told Sam Parr and Shaan Puri that Replit’s jump from roughly $2.5 million to $250 million in revenue run-rate was not a smooth growth curve but the result of a market-creation moment. In his account, Replit Agent turned years of stalled platform ambition into a product non-engineers could use to build, deploy and run software, producing about $1 million of ARR on its first day and changing the company’s problem from finding demand to keeping up with it.

Sam Parr · Shaan Puri · Amjad MasadMy First MillionMay 7, 202621 min read

Apple Explores Intel and Samsung for U.S. Chip Production

Mark Gurman said Apple has held early talks with Intel and Samsung about using new U.S. fabs to make future A-series and M-series processors, an exploratory move he framed as a supply-chain redundancy question rather than only a political one. Apple still relies heavily on TSMC, primarily in Taiwan, and Gurman described that geographic and supplier concentration as one of the company’s biggest risks. Across the rest of the broadcast, executives and analysts described a similar shift from exposure to execution: AI companies are giving Washington early model access for review, while enterprise adoption is being tested by security, deployment cost and proprietary data advantages.

Caroline Hyde · Mark Gurman · Lauren Webster · Hannah Miller · Seth Boro · Dani Burger · Josh Harris · Bill Ready · Romaine Bostick · Maggie Eastland · Lizette Chapman · Ian King · Peter Oey · Erin Price-WrightBloomberg TechnologyMay 7, 202614 min read

Thoma Bravo Keeps AI Strategy Model Agnostic as Cyber Risks Accelerate

Thoma Bravo managing partner Seth Boro told Bloomberg’s Dani Burger that enterprise AI is creating parallel problems for companies: faster cyber threats and uncertain deployment economics. Boro said the firm is “model agnostic,” maintaining relationships with OpenAI, Anthropic and Google while using its cybersecurity portfolio to monitor emerging threats. He argued that enterprises will need layered defenses, tighter governance of AI agents and more specific, efficient models rather than assuming general-purpose systems fit every workflow.

Dani Burger · Seth BoroBloomberg TechnologyMay 7, 20265 min read

AI Panic Gives Way to Company-by-Company Software Stock Sorting

Lauren Webster of Piper Sandler argues that the software market is moving from broad AI panic to a more selective test of execution, durability and exposure to disruption. In a Bloomberg Technology discussion, she said layoffs at PayPal and Coinbase should be read as both a response to investor pressure for profitability and, in some cases, evidence of AI-driven labor displacement. Her framework puts more value on software that is deeply embedded in enterprise workflows and harder to replace.

Caroline Hyde · Lauren WebsterBloomberg TechnologyMay 7, 20264 min read

Airbnb Is Rebuilding Around Identity, Not Homes, for AI

Airbnb’s challenge in the AI era is less a feature rollout than a company reinvention, chief executive Brian Chesky argues in a conversation with Patrick O’Shaughnessy. Chesky says the company has to move beyond a business still identified mainly with homes, rebuild around identity and personal preferences, and do so without damaging a large public platform that hosts and investors depend on. His answer is a more hands-on operating model: fewer abstraction layers, smaller elite teams closer to users, continuous recruiting, and a CEO directly engaged with the work.

Patrick O'Shaughnessy · Brian CheskyInvest Like The BestMay 7, 202621 min read

Razorpay Turned India’s Payments Friction Into a $180 Billion Platform

In a Startup School India fireside with YC’s Jon Xu, Razorpay co-founder and CEO Harshil Mathur argues that the company’s rise in Indian payments came less from an initial fintech thesis than from staying with a painful customer problem through regulation, bank failures and market skepticism. Mathur says Razorpay turned delays into a moat, customer trust into an operating principle, and early bets such as UPI into openings incumbents missed. His broader case is that founders must keep direct ownership of the decisions that define the company, especially as AI lowers the cost of building and raises the cost of slow judgment.

Jon Xu · Harshil MathurY CombinatorMay 7, 202613 min read

Luma Is Rebuilding Video AI Around a Unified Multimodal Transformer

In a Stanford CS153 guest lecture, Luma AI co-founder and chief executive Amit Jain argues that generative video is only a staging point toward “unified intelligence”: models that understand and generate across text, images, video, audio, code and tools in a single work loop. Jain traces Luma’s path from Apple-era LiDAR and 3D capture to internet-scale video, saying the company followed the data but now sees prettier clips as insufficient. The destination, he says, is a multimodal AI factory for professional creative and physical work, where human skills, tool use, feedback and unified transformer architectures produce full campaigns, schematics, productions and eventually robotics workflows.

Anjney Midha · Amit JainStanford OnlineMay 7, 202619 min read

Agent Failure Should Drive Enterprise AI Knowledge Base Curation

Raj Navakoti argues that enterprise AI agents fail less because of model limits or retrieval plumbing than because companies have not made institutional knowledge legible. In his Demand-Driven Context workshop, he proposes building agent-ready knowledge bases from the bottom up: give agents real tickets or incidents, observe where they fail, and turn those failures into structured, validated context blocks. The method, shown through smaller-scope examples and prototypes including work from IKEA Digital, is presented as an incremental curation loop rather than a proven enterprise-scale system.

Raj NavakotiAI EngineerMay 7, 202617 min read

Enterprise AI Agents Need Harnesses, Traces, and Controlled Runtimes

LangChain co-founder and CEO Harrison Chase argues that enterprise AI agents are becoming an architectural problem rather than a question of adding autonomy wherever possible. In an NVIDIA AI Podcast interview, he says systems such as Claude Code, Manus and Deep Research share a common “deep agent” pattern: an LLM in a tool-calling loop, supported by a reusable harness, workspace, subagents and planning. For enterprises, Chase says trust depends on choosing the right level of autonomy and surrounding agents with observability, evaluation, secure runtimes and continued iteration.

Harrison Chase · Noah KravitzNVIDIAMay 7, 202612 min read