The newsletter for startup founders

Meta is pre-booking $21B in GPUs for 2027, SiFive bets big on RISC-V for agentic AI (with Nvidia nodding along), and AI keeps swallowing workflows—from healthcare admin to tax prep—while operators turn content into productized revenue.

AI isn’t just software anymore

AI’s real bottleneck isn’t talent—it’s power. From megawatt deals to risky R&D, startups compete on supply chains, while distribution still drives winners.

Microsoft’s lawyers just called Copilot a toy. Mistral borrowed $830M to build a power plant. Meanwhile, North American startups pulled in $252.6B in a single quarter — nearly triple the previous pace.

SpaceX eyes a $1.75T IPO, Anthropic leaks code, and funding surges—while energy, infrastructure, and execution bottleneck AI’s growth.