Tanay Jaipuria
@tanayj
partner @wing_vc investing in AI applications and infra. opinions, analysis, and banter on technology and business
Per Five9's earnings call: Their AI customer support agents are resolving 40-50% of queries completely without human intervention
On 20VC, @ScottWu46 indicated Cognition’s run-rate is $70-80M, up 5-10x since January. Including Windsurf, the combined company is likely at ~$150M+ run-rate revenue now!
Great chart from Jamie Dimon's annual letter. Over the last 17 years: - VC AUM has grown >10x while PE/HF AUM has grown 3.5x - Number of PE-backed companies is up 140% while number of publicly listed companies is down 15%
Windsurf x Cognition Acquisition timeline: • Friday morning: Windsurf all-hands, team expects OpenAI deal, real news breaks • Friday afternoon: Leadership weighs options (raise more, sell, distribute what's left, or keep running) • Friday 5:30pm: Cold outreach from…
It’s disappointing that NeurIPS needs to add a non-US venue due to issues with obtaining a US visa for AI researchers
ChatGPT agent can do 40% of tasks on an internal investment banking analyst modeling tasks benchmark. This is up significantly from Deep Research and o-3
Most people have used the same browser for the last decade+. I have a feeling many will try 1-2 new browsers in the next few years. Excited for the AI browser wars
There’s real alpha right now in startups that are great at leveraging video to showcase their product or story. Across the board, these are going viral and serving as a reliable GTM (and fundraising) channel.
From @calvinfo's great piece on reflections from working at OpenAI
Zuckerberg on compute per researcher being an underrated reason for researchers joining Meta's SuperIntelligence lab
Satoshi Nakamoto is now worth ~$130B and probably the 12th richest person in the world (if alive)
Cognition is acquiring (what remains of) Windsurf It still has $82M in ARR with 100K+ daily active users
Speed is an underrated reason for these "license + hire" deals. Things are moving so fast in AI, that if the bigCo primarily cares about talent + some IP, why wait ~6-8 months to get that through a regular acquisition (even assuming regulatory certainty)