The next platform shift is not just about access to intelligence. It is about who owns the assets that intelligence produces. The winners will not be the renters of frontier models; they will be the owners of sector-specific data, workflows, and software assets that compound over time.
Five bets
01
AI coding turns R&D into CapEx.
Small teams can manufacture enduring software assets.
“Costs capitalize only when management has committed funding and the probable-to-complete threshold is met.” — Deloitte, ASU 2025-06
02
AI finds “Move 37” everywhere.
Discovered workflows compound when owned.
“Move 37 was a genuinely creative move that humans had never considered.” — Andrej Karpathy
03
Superhuman coding commoditizes.
Advantage shifts from intelligence access to asset ownership.
“The final milestone of (Chinese) open models winning is the timeline for when we will get an open Fable-class model.” — AINews / Latent Space, June 2026
04
Agents become distribution.
The next platform shift intermediates customer relationships.
“Every platform shift rewrites distribution.” — Ben Evans, distilled
05
Software eats the world, faster.
Machine-native interfaces become operating infrastructure.
“Software is eating the world.” — Marc Andreessen
Core bet: rent intelligence; own sector-specific data and software assets.