Agents need sandboxes and those sandboxes need compute, often GPUs Modal is incredible at matching supplied compute to agent demand, offering the capacity of a cluster, the efficiency of a single instance, or anything in between icymi: modal.com/blog/autoscaling-a…

Agents are going to drive the next leg of this bull market (BULLISH AI INFRA) Meta's new Muse agent just hit ~3M U.S. downloads in about 2 weeks, nearly DOUBLE ChatGPT's pace at the same point As I've been saying for a while, agents will be WAY bigger than chat. It's a better product and it's way more useful And most importantly, it uses WAY more compute (this is the part the market is still underpricing) A chat is one question, one answer. An agent task is a whole chain of model calls: browsing, reading, deciding, acting, checking its own work. Every task burns a multiple of the tokens a chat does Now multiply that across millions of consumers... and even bigger is the enterprises running agents in the background all day at scale Enterprises are already paying billions for AI, thats why Antrhopic and OpenAI revenues are accelerating so fast. But even consumers will pay for agents because it saves them time (and money in many cases) I think the market has not yet priced in whats coming as the world adopts agents. This is going to be a huge step change in adoption, token usage and compute demand We are going MUCH MUCH higher and rate hikes or high yields in the bond market aren't stopping this train. Want to see how to invest in this market? You can track my real-time portfolio here: link.milkroad.com/t5837z Don't forget to give me a follow @kylereidhead for more insights on AI and markets

VCs on the most underpriced startups

Snorkel AI, which offers an "agentic data development platform" with humans and AI agents to create and vet data, raised $350M at a $3.5B valuation (@readkrystalhu / Reuters) (Visit Techmeme dot com for the link and full context!)

Tried Opus 5.5 today. Not blown away tbh. - asked it to research something tricky I recently learned. It got it wrong. Astra got it right. - for coding, Astra still feels better. This reinforces my earlier take: frontier LLM coding capability has plateaued. The battle now is increasingly about intelligence per dollar.

breaking -- newhaven, conn based university launches new venture fund, University Yale Ventures. endowment to cease all LP activity and pursue direct investments into category defining companies. statment: "we pioneered the modern endowment approach (RIP David). outperformance used to necessitate picking great managers. what we've come to observe is managers are high on their own supply and the barriers to entry that necessitated managers (highly-inefficient markets, information asymmetries, access over allocation) no longer exist thanks to AI (and VC consensus culture). put bluntly we don't need to pay 2+/20+ to back openai / anthropic /anduril. we are going direct."

if you are building a product using AI, you should be spending >25% of your time making benchmarks and trying to get the model labs to care about said benchmarks easiest path to accelerate your progress as a company

100% @modal 👑 arming the jevolution with GPUs. Y'all have been the best this week.

people often share that they think @alighodsi is the best ceo in the valley i disagree with them. he's the best in the world

which of your favorite token brokers are contributing back to open source ai? shall we count the ways? a slice of data: number of PRs upstreamed and merged into the most popular oss inference engines, by PR contributor org

Want to meet some cool people? Want to hear about the future of AI infrastructure? Are you in SF on Oct 1? 👇

Runtime speaker lineup is live! We're bringing together experts covering AI infrastructure, applications of AI in science and robotics, the future of software engineering, and more.

Your sandbox, your call. Bring your own sandbox or connect a sandbox provider. Choose the environment that fits your workload: • CPU, GPU, and memory options • Fully managed environments or deployments within your VPC • File and secret storage options We offer first-class integrations with @blaxelAI, @CloudflareDev, @daytonaio, @digitalocean, @e2b, @modal, @OracleCloud, @RunloopAI, and @vercel.

We're expanding across Europe. This summer we moved into a bigger Stockholm office, and today we're adding London. We're hiring across GTM and engineering! Read more: modal.com/blog/modal-europe-…

People ask where my optimism comes from. When I was younger, I played football. I joined five benchwarmers in a challenge against the 6 best athletes on the team. So...it seemed hopeless. So we changed the game. We ran routes they weren’t expecting. We lined up in ways that confused them. And we humiliated them. As cliché as it may sound, that moment taught me everything: Anything is possible. There is always a way. The underdogs always have a shot. Try anything. In my VC career, I had a couple early investment wins that nobody expected. Same lesson, different stakes. That's why I invest the way I do. That's why I back the founders other VCs pass on. They are underdogs. They are trying new possibilities. All because I've SEEN the benchwarmers win. Again and again. They can always surprise you.