No. 022 FIELD NOTE
Industry · 1 min · May 7, 2026
The Inference Cost Curve Is Bending
Every step down the cost curve quietly makes a new category of product economic.
Topic
Industry
No. 015 TEARDOWN
Industry · 1 min · Apr 22, 2026
Foundation Model Margins, Three Years In
Training is the capital expense everyone discusses. Serving is the recurring one that decides who survives.
No. 009 BUILD LOG
Industry · 1 min · Apr 11, 2026
Why Every SaaS Is Now an AI Company
Most of it is positioning. A few have actually rebuilt the workflow underneath.
No. 005 SIGNAL
Industry · 1 min · Mar 28, 2026
The Open-Weights Question
A capable model you can run yourself changes every build-versus-buy call on the board.
No. 001 TEARDOWN
Industry · 1 min · Mar 13, 2026
What the Chip Shortage Taught Us
Compute is a supply chain, not a faucet. The shortage was a lesson in who controls the substrate.