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The agent eats the app
A single API call just buried a thousand pitch decks
 • 
Dave Friedman
4
AI Startups Are SaaS Minus the Margins
Jevons paradox meets Sand Hill Road
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Dave Friedman
How AI’s Boom Could Bankrupt Its Builders
OpenAI’s recent podcast hinted at a stark truth: cheap intelligence fuels demand, but also shreds the margins of the startups chasing it.
 • 
Dave Friedman
1
Cheap AI Compute from Methane: Crusoe's Business Model
Waste gas creates cheap electrons for busy GPUs
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Dave Friedman
7
The Strange Business of Hugging Face
Why are there so many models that no one uses?
 • 
Dave Friedman
5
The Convergence of AI and the State
It seems inevitable that the NatSec umbrella will envelop frontier AI
 • 
Dave Friedman
5
Forget GPUs: Follow the Coolant
Thermal economics, geographic arbitrage, and the capital risks hiding inside the AI infrastructure boom
 • 
Dave Friedman
Tech is the future but it won't look like the past
Our tech future is a high-capex, industrial, one, not a software-driven one
 • 
Dave Friedman
Land is the AI Compute Resource Nobody is Pricing
Why the best AI play might be the dirt under your GPUs
 • 
Dave Friedman
2
Your Favorite Tech Giant Is Quietly Turning Into a Utility
High capex crushes market valuation
 • 
Dave Friedman
9
Large Language Models Are Not Search Engines
Stochastic systems, vanishing guarantees, and why the old SEO mindset won’t survive the AI transition
 • 
Dave Friedman
Enterprise AI won't happen any time soon
Enterprises require repeatable, auditable processes
 • 
Dave Friedman
11
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