Recent Posts
Blog•Feb 27, 2026
The Game on the Field Has Changed
Jack Dorsey announced Block will slash its workforce from 10,000 to 6,000, sending the stock up 24% and signaling a broader efficiency push. Tech layoffs in February total 23,000 and, if the trend continues, could annualize to 153,000 by year‑end, surpassing 2023’s peak. Companies such as Amazon, Autodesk and Pinterest are trimming staff despite modest revenue growth, aiming to boost revenue per employee. Block’s post‑layoff revenue per employee is projected to jump 67% to $4 million, a level now common among AI‑native firms.
By Tomasz Tunguz
Blog•Feb 23, 2026
FIXED: Empty Response Issue with Fireworks.ai Tasks
The Julius Agent using Fireworks.ai’s Kimi K2.5 model returned empty final responses after successful tool execution, confusing users into thinking tasks failed. The root cause was the model’s FinishReason::Stop state delivering an empty response.text field while earlier assistant messages contained...
By Tomasz Tunguz
Blog•Feb 9, 2026
Can You Fly That Thing?
The post argues that AI "skills"—executable English‑written programs—transform conversational agents into operators capable of performing specific tasks. It highlights the rapid growth of public skill repositories, with tens of thousands of community‑built skills amassing thousands of GitHub stars. For consumers,...
By Tomasz Tunguz
Social•Feb 6, 2026
AI Optimism Splits: Vertical Software Drops 43%, DevTools 21%
Vertical software has fallen 43% this year. DevTools, just 21%. The gap between them, twenty-two percentage points, tells you what markets actually believe about AI. https://t.co/D8KOXY1iu6
By Tomasz Tunguz
Blog•Feb 6, 2026
How Markets Price AI Risk
The post highlights a stark valuation split in software stocks as vertical SaaS companies plunge 43% YTD while dev‑tools decline only 21%, reflecting market pricing of AI risk. It argues that despite strong moats, vertical firms’ slower 8% growth triggers...
By Tomasz Tunguz
Blog•Feb 5, 2026
Google's 52x AI Growth
Google’s Q4 2025 earnings call highlighted a dramatic AI surge, with Gemini processing over 10 billion tokens per minute—a 52‑fold year‑over‑year rise to an annualized 430 trillion tokens. Serving costs fell 78%, delivering a 4.5× efficiency gain per GPU hour. Cloud revenue...
By Tomasz Tunguz
Social•Jan 29, 2026
Software Sector Sees Broad Sell‑off, 73% Down
Is there a broad cycling out of software? 73% of public software companies fell today. Median decline: -4.7%. Biggest drops: - Smartsheet -12.6% - Atlassian -12.2% - ServiceNow -11.9% - Microsoft -11.7% - HubSpot -10.7% https://t.co/cLD4hrhCg2
By Tomasz Tunguz
Social•Jan 29, 2026
Scaling AI Developer Infrastructure: Lessons From Meta’s Internal Agent
Office Hours: Building Developer Infrastructure at Scale with Jim Everingham In the world of AI, how do the very best companies build their developer infrastructure? To answer that question : On Tuesday, February 24, I’ll be hosting an in-person fireside chat with...
By Tomasz Tunguz
Deals•Oct 14, 2025
Fivetran and Dbt Labs Announce All-Stock Merger to Consolidate Data Stack
Fivetran and dbt Labs announced an all-stock merger combining the two companies into a single entity approaching $600M in ARR. The deal unites ingestion and transformation layers of the modern data stack to better compete with larger incumbents like Snowflake...
Tomasz Tunguz