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Overview
Congratulations to Cerebras on their IPO! We wrote their first term sheet in 2016.
News
Where AI is headed in 2026 - Foundation Capital
Enterprise AI finally hits production. Decision traces become the new moat. An AI lab goes public. Eight predictions for AI and tech in the year ahead.
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AI's trillion-dollar opportunity: Context graphs - Foundation Capital
By building context graphs from decision traces, AI agent startups are capturing the "why" behind the "what"-and gaining a structural advantage in shaping what comes next.
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Has AI scaling hit a limit? - Foundation Capital
On the eve of ChatGPT's second birthday, I examine the fault lines in one of the field
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