Aspiring for Intelligence · 25 September 2026 · Investment Thesis

The Rise Of The Neo Neo Lab

Vivek Ramaswami & Sabrina Wu, Madrona

As open-weight models proliferate and post-training becomes standardized, large enterprises with proprietary data and domain expertise—particularly in legal, insurance, and healthcare—are shifting from buying APIs to building specialized models. This "neo neo lab" approach turns accumulated knowledge into competitive moats.

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Topics: AI (Horizontal) · Enterprise Software

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