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Tomasz Tunguz
Theory Ventures
13.4K posts
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@ttunguz

Tomasz Tunguz

Theory Ventures
@ttunguz
Venture capitalist at @theoryvc Student of Startups Backer of 9 unicorns Author of tomtunguz.com Subscribe ttunguz.kit.com/ef0a779b9c
San Francisco, CA
tomtunguz.com
Joined November 2007
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  • @ttunguz
    Tomasz Tunguz
    Theory Ventures
    @ttunguz
    Sep 4
    Over the next five years, US data center capacity will grow from 25 gigawatts to 70 gigawatts, part of a global buildout costing roughly $5t. Where will the money come from?
    Article cover image
    Article
    Concrete, Silicon, & Leverage
    Over the next five years, US data center capacity will grow from 25 gigawatts to 70 gigawatts, part of a global buildout costing roughly $5t.1 Where will the money come from? Data centers are built as...
    14
  • @ttunguz
    Tomasz Tunguz
    Theory Ventures
    @ttunguz
    Sep 4
    Model companies buy electricity by the megawatt and resell it as cognitive work. Anthropic's revenue has run as high as $50m per megawatt, against $10-15m of compute.
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    10
  • @ttunguz
    Tomasz Tunguz
    Theory Ventures
    @ttunguz
    Sep 3
    How large is Snowflake's AI revenue? Management lowered product gross margin guidance from 76% → 74% due to "fast-growing AI workloads." If GPU inference runs at ~25%–35% gross margins, that 200 bps compression implies ~$60M–$75M/quarter (~$240M–$300M ARR) in direct AI token
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    13
  • @ttunguz
    Tomasz Tunguz
    Theory Ventures
    @ttunguz
    Sep 3
    Meta launched two things yesterday : a state-of-the-art model & a new pricing system for foundation models. Muse Spark propels US open source models to the frontier. Meanwhile, the pricing system resets the industry’s economics.
    Article cover image
    Article
    The Ads Model for Prompts Vertically Integrates AI
    Meta launched two things yesterday : a state-of-the-art model & a new pricing system for foundation models.1 Muse Spark propels US open source models to the frontier. Meanwhile, the pricing system...
    5
  • @ttunguz
    Tomasz Tunguz
    Theory Ventures
    @ttunguz
    Sep 2
    Enormously important for US to have SoTA open models
    @finkd
    Mark Zuckerberg
    Meta
    @finkd
    Sep 2
    Muse Spark 1.3 is rolling out today with frontier performance almost too cheap to meter. This is the biggest jump we've made so far on coding and agentic work. Try it in Muse Code and our API. Next up 🍉 and Muse Spark open weights releases coming soon.
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