Ten companies can each stop AI cold.
@Wing_VC Partner @chriszeoli went through their earnings calls and ran one test: if this company stopped shipping tomorrow, could hyperscalers replace it within 24 months?
For all ten, the answer was no.
Either they own something nobody
Kick off your week with the new one from @Wing_VC Partner @chriszeoli.
Chris digs into CoreWeave to answer a question most people building in AI never think about: who is paying for all this compute, and on what terms.
The answer is debt. Chris traces all eight CoreWeave
Wafer, a year-old inference provider that uses Nvidia and non-Nvidia chips, turned down acquisition offers to raise $40m in new funding at a $200m+ valuation. Marathon and Chemistry co-led.
For more, check out this morning's AI Agenda:
theinformation.com/newsletters/ai…
📊 New from Wing VC Partner @chriszeoli: The AI Memory Stack
Everyone thinks the AI race is about chips, but it is really about memory. The chips got fast and the memory that feeds them never kept up, so the expensive part of an AI computer is no longer the brain, it is the
