1/ Given the significant growth across the AI ecosystem, we launched a new product -- our AI Ecosystem Index, which covers almost 60 companies across the hyperscalers, semis, memory, neoclouds, and others. Thanks Will Wood and @ausw2000 for building this. The growth in value and returns has dramatically outpaced software over the past few years...indexed returns of 422% for the AI ecosystem index vs. just 64% for software since the launch of ChatGPT. Outcomes are also much larger; the median company is worth $31B vs $4B in software. Product below: