Emergence Capital · 29 September 2026 · Investment Thesis

Five frontier launches and one unanswered question

Emergence Capital

Frontier AI models advertise cherry-picked benchmark results that obscure the real business metric: cost per completed task. Most companies don't need maximum intelligence—they need efficiency, inference speed, and infrastructure costs optimized for actual workloads, not leaderboards.

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Topics: AI (Horizontal) · AI Infrastructure

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