We are moving from "waves" to "ages."

Our latest public markets update deck is now available here.

Agentic traffic has surpassed human traffic online for the first time!

AI’s footprint in math research is growing fast!

The cost of AI has fallen faster than any other transformative technology in history!

SpaceX, Anthropic, and OpenAI are valued higher than every US tech IPO of the past 45 years combined!

Claude now leads over a quarter of Anthropic’s model R&D, up from virtually none just six months ago!

The number of active satellites in orbit just went vertical! More active satellites have been launched in the last 5 years than in the previous 50 combined.

2026 is a record year for stock dispersion, but strip out the top 10 winners and it looks like any other year!

GenAI spend via cloud providers has surged 15–20x across every cohort in just 18 months!

Enterprise usage is shifting from asking AI questions to letting it do the work.

Energy storage is scaling faster than solar or wind ever did!