Follow the bottlenecks.

Dispersion has been extreme, and even more dramatic within TMT!

We are watching the fastest revenue speedrun of all time.

What's the Chinese word for Quibi?

AI reprices software around consumption. Traditional SaaS still charges for seats.

One number tells the story: 3.8%. That's the share of Traditional SaaS spend that's consumption-based, eleven months into the AI era.

Data collaboration with Ara Kharazian of Ramp.

Token demand is entering overdrive.

It took 20 years for each internet user to consume 50Gb of memory annually. Could AI 5x that in just 5 years?

We're witnessing a massive shift in AI, from merely assisting with work to doing the work itself.

While the previous generation of technology focused on assistance through autocomplete, suggestions, and drafts, the new paradigm centers on agentic systems that execute tasks end-to-end. In coding, this transition is already measurable: Claude Code downloads soared 70x in under a year, while Codex installations rose 7x in seven months.

The data shows a sharp acceleration in early 2026, as new models unlocked the “agentic” era. Coding is the first vertical where this pattern is undeniably clear, and it serves as a blueprint for what we expect to see across industries.

For more on this C:\Take, watch Lucas:

The SaaS model is being rewritten in real-time.

As AI labs outscale some of the most iconic software businesses in history, we are witnessing a fundamental shift in the unit of economic value: the transition from selling software (per-seat) to selling work (per-output).

By shifting the unit of value from the tool to the results, the addressable market potential expands by 25x. We are moving from a $0.2T software market to a $5.5T "services-as-software" paradigm.

For more on this C:\Take, watch Lucas:

Coincidence or catalyst?

AI/ML roles are surging while SWE stays flat. It feels like a hiring reallocation, not a cycle.

In just 6 years, Supabase went from zero to 7M+ users.

The real story? 80%+ of that growth was just from the last year alone. From January 2025 to today, Supabase added ~6M+ new users driven by their acceleration to support developers in the AI supercycle.