The latest theses & analyses from 800+ venture investors.

Consumer AI spending tripled to $40B in 2026 while adoption grew just 3 points, as existing users deepened engagement through higher payment rates (55%), daily…

Enterprise AI's real opportunity isn't raw intelligence—it's encoding organizational expertise through continual learning loops that compound across customer…

Software AGI has arrived as of November 2025, but only in coding; the real frontier is verification, not generation.