PaneerCap

*SOFTBANK NOW SET TO INVEST $40B IN OPENAI AT $260B VALUE: CNBC Right after OpenAI invests $40BN in SoftBank

Did you see this? Hyperscalers are now literally paying upfront prepayments to memory companies! This is it — memory is finally breaking out of the cycle! "Under this arrangement, Big Tech customers would pay large upfront prepayments to Samsung, which would be drawn down if the customer fails to take the agreed volumes within the three-to-five year contract window."

I heard an incredible analogy from a VC friend that I can’t stop thinking about. “The moat in software was the cost of building software. And Claude Code just mass produced a bridge.” It’s wild when you think about the impact of this. The SaaS boom produced a few dozen billionaires and a bunch of zero sum winners. But the AI SaaS era will mass produce millionaires. There will be fewer ServiceTitans hitting $5B valuations, and instead there will be 50,000 companies doing $500K-$5M each, run by 1-3 people with deep expertise and huge margins. To be clear, I believe that the total value of software goes up, and the number of companies created goes up exponentially. But the number of people who capture the value also goes up 100x. I don’t believe in the “SaaS is dying” headline, I think it’s missing the point. It’s simply that the power of SaaS is changing hands.

bamsec was an amazing product completely ruined by alphasense

What is up with all the big FinTwit accounts shilling $GTLB these days? It has to be some inside joke right ...

PagerDuty joins the ranks of once high-flying SaaS companies that now trade for <1x 2026 revenue. $PD These management teams MUST get serious about both treating SBC as an expense and absolutely decimating their cost structures, or new leaders will. Now.

BREAKING: China and Cuba have agreed to boost bilateral ties just 6 days after President Trump said Cuba will "fall pretty soon." Cuba will soon become a top priority for President Trump.

We’ve raised $400M at a $9B valuation. Investors include Georgian, G Squared, Prysm, 1789, YC, Coatue, a16z, Craft, and QIA, with strategic investments from Accenture, Databricks, Okta, and Tether. We’re also lucky to have incredible individuals backing us, including Shaq and Jared Leto. This funding will help us scale our ambition and expand beyond coding into AI systems that center human creativity. Replit is now used at 85% of the Fortune 500. We have an opportunity to help shape the future of work. One where AI abstracts away the boring parts and humans shine as creative directors. We’re also investing more globally, particularly in Europe, Asia, and the Middle East. Innovation can come from anywhere in the world, and we want to help unlock it.