Analytical briefings for engineers, PMs, and CTOs
Analysis of venture capital, market trends, and the economic forces shaping the technology industry.
4 min readSoftware engineer job postings are 49% below their early-2020 baseline while overall US postings are 10% above. The hiring market has bifurcated, and the data shows exactly where the split falls.
4 min readGlobal VC investment hit $297 billion in Q1 2026 — a new all-time quarterly record — with AI accounting for 81% of the total. Four companies (OpenAI, Anthropic, xAI, and Scale AI) took 64% of that capital. The concentration raises a structural question about what kind of AI ecosystem is actually being built.
4 min readThe AI chip shortage didn’t end — it transformed. The bottleneck shifted from wafer supply to CoWoS advanced packaging, which TSMC has sold out through 2026. NVIDIA locked up over 70% of available capacity, leaving hyperscalers and startups scrambling for alternatives.
3 min readMicrosoft, Google, Amazon, and Meta will collectively spend over $320 billion on AI infrastructure in 2026 — but more than 60% is going into power infrastructure and data centre construction, not compute hardware. The binding constraint has shifted from chips to electricity.
4 min readEnterprise AI ROI is real but concentrated: financial services, healthcare administration, and software development show payback periods under 18 months. Forty-one percent of enterprise deployments remain in pilot phase after more than 12 months.