

Amplify Partners
3.5K posts

@AmplifyPartners
The first investor for technical founders. Early backers of Datadog, Chainguard, dbt Labs, Temporal, Modal, Hightouch, Luma, Scribe, and more.



The mega bull case for AI infrastructure would be *if* market share shifted away from certain frontier labs with 90%+ inference margins toward cheaper models, whether open-source or closed. It would increase the ROI on AI spend for end customers by increasing intelligence per dollar, which would drive incremental token demand. Margin dollars would effectively get redistributed from the frontier labs to AI infrastructure providers. The infra winners would be those with the lowest per token cost and the winners at the model layer would be those with the highest token efficiency. There are many reasons Jensen is so focused on open source, but this is likely the most important one as I think he is probably less worried about a monopsony these days. Lower margin % at the model layer = more margin $ at the infra layer all else equal. With SpaceX and Meta being vertically integrated and possessing the #3 and #4 models respectively it is more possible than ever. Note that Grok 4.5 is ahead of Fable for some useful tasks at a much lower cost, so ranking them #3 is conservative. This is not happening yet. Cheap, mostly open source tokens are likely the majority of volume today but the majority of economic value is still accruing to the most intelligent models. Might change though. We will see.




1/ Last week at @aiDotEngineer, I presented the 2026 AI Engineering Survey: 1,000+ AI engineers on model selection, build vs. buy, who’s shipping with AI, and (of course) whether GPUs are going to space. This year, we ran it with @NotionHQ and @vercel. Some highlights 🧵

2/ Image generation was the breakout modality. Text still dominates, but the production mix is getting more multimodal. 36% are building with image gen and happy with it -- double last year’s 18%. After Nano Banana, ChatGPT Images, etc., the image wave showed up in the data.

1/ Last week at @aiDotEngineer, I presented the 2026 AI Engineering Survey: 1,000+ AI engineers on model selection, build vs. buy, who’s shipping with AI, and (of course) whether GPUs are going to space. This year, we ran it with @NotionHQ and @vercel. Some highlights 🧵

1/ Last week at @aiDotEngineer, I presented the 2026 AI Engineering Survey: 1,000+ AI engineers on model selection, build vs. buy, who’s shipping with AI, and (of course) whether GPUs are going to space. This year, we ran it with @NotionHQ and @vercel. Some highlights 🧵

4/ Open-weight models aren’t replacing closed models. They’re complementing them. Among respondents using open-weight models, >90% also use closed models. In practice, teams mix and match by workload. Open vs. closed is a top-3 model-selection criterion for only ~5%.

4/ Open-weight models aren’t replacing closed models. They’re complementing them. Among respondents using open-weight models, >90% also use closed models. In practice, teams mix and match by workload. Open vs. closed is a top-3 model-selection criterion for only ~5%.


1/ Last week at @aiDotEngineer, I presented the 2026 AI Engineering Survey: 1,000+ AI engineers on model selection, build vs. buy, who’s shipping with AI, and (of course) whether GPUs are going to space. This year, we ran it with @NotionHQ and @vercel. Some highlights 🧵





You can read a more in depth version in my latest post: amplifypartners.com/blog-posts/the… Thanks to @davidcrawshaw, @mitchellh, @armon, @schrockn, and @jthandy for pressure-testing these ideas!

You can read a more in depth version in my latest post: amplifypartners.com/blog-posts/the… Thanks to @davidcrawshaw, @mitchellh, @armon, @schrockn, and @jthandy for pressure-testing these ideas!