Tomasz Tunguz
Venture capitalist and founder of Theory Ventures, previously a partner at Redpoint. Writes a near-daily blog on startups, SaaS metrics, data and AI.
Tomasz Tunguz did not write this page. ppll compiled it from their own words, each linked to the source. Is this you? · Report a mistake
Latest x.com
What they believe
-
Anthropic should be valued as a cloud company.
Anthropic is considered an AI company, but it should be valued as a cloud.
tomtunguz.comSaid 18 Oct 2026This on korrents
-
The sophistication of the AI ecosystem is permeating the enterprise more quickly than any previous wave.
Overall, it is clear how quickly the ecosystem is evolving, & how much sophistication has permeated the enterprise, more quickly than any wave we have seen.
tomtunguz.comSaid 13 Oct 2026This on korrents
The bold line is korrents’ wording; the quote is theirs. These 2: what they wrote before what they said aloud, one per source, newest first.
Feed
As its own page →Hiding
19 October
18 October
-
korrents.com
Anthropic should be valued as a cloud company.Their words
Anthropic is considered an AI company, but it should be valued as a cloud.
16 October
15 October
14 October
13 October
-
korrents.com
The sophistication of the AI ecosystem is permeating the enterprise more quickly than any previous wave.Their words
Overall, it is clear how quickly the ecosystem is evolving, & how much sophistication has permeated the enterprise, more quickly than any wave we have seen.
12 October
9 October
7 October
From one piece A Change in AI Strategy 2 beliefs · tomtunguz.com
-
korrents.com
In a commoditizing market, the platform that aggregates volume wins over the lab with a marginal benchmark lead.Their words
In a commoditizing market, the spoils do not accrue to the lab with a marginal benchmark lead, but to the platform that aggregates the volume.
-
korrents.com
AI models have reached commodity status.Their words
AI models have reached commodity status as prices fall 41% while token usage surges 50%.
6 October
5 October
-
Their words
AI inference is set to surpass the database market to become the most important market in software, reaching ~$350b by 2027.
2 October
1 October
Nothing matches.
Beliefs
Korrents What they believe 11 beliefs — each backed by an exact quote.
Each is a — compiled by korrents.com, not by them: the one-line wordings are korrents', the quotes are theirs.
Recent
Anthropic should be valued as a cloud company.
Anthropic is considered an AI company, but it should be valued as a cloud.
What if They're All Clouds? Said 18 Oct 2026
The sophistication of the AI ecosystem is permeating the enterprise more quickly than any previous wave.
Overall, it is clear how quickly the ecosystem is evolving, & how much sophistication has permeated the enterprise, more quickly than any wave we have seen.
The Theory 2026 AI Survey Results Said 13 Oct 2026
AI models have reached commodity status.
AI models have reached commodity status as prices fall 41% while token usage surges 50%.
A Change in AI Strategy Said 7 Oct 2026
Show 8 more
In a commoditizing market, the platform that aggregates volume wins over the lab with a marginal benchmark lead.
In a commoditizing market, the spoils do not accrue to the lab with a marginal benchmark lead, but to the platform that aggregates the volume.
A Change in AI Strategy Said 7 Oct 2026
AI inference is set to surpass the database market to become the most important market in software, reaching ~$350b by 2027.
AI inference is set to surpass the database market to become the most important market in software, reaching ~$350b by 2027.
Inference Is the Most Important Market in Software Said 5 Oct 2026
Software engineering has evolved to systems architecture, focusing on designing systems for AI code generation.
Software engineering have evolved to systems architecture. That was always the destination. This is the new software engineering : designing the systems that let AI write code correctly at scale.
Thinking in Systems, Shipping in Loops Said 24 Sept 2026
Most business AI use is the messy middle of multi-step workflows needing a smart enough, affordable model, which is today the most important and most competitive part of the market.
Most business AI use is the messy middle: multi-step workflows that need a smart enough model at a price a company can afford. It is the most important part of the market today, & it is where the competition is fiercest.
The Most Important Market in AI is the Middle Said 23 Sept 2026
As AI inference costs fall, rising customer expectations will keep service margins from converging toward 100%.
Margins will not climb to 100%. As inference gets cheaper, buyers will ask more of their agents, shifting the equilibrium over time in response to competition.
The Harness Margin Opportunity Said 17 Sept 2026
Safely routing AI tasks to cheaper models requires accumulated observation of many prior task outcomes.
Routing to a cheap model is only safe if you know which tasks it clears, & that knowledge comes from watching ten thousand versions of the same work.
The Harness Margin Opportunity Said 17 Sept 2026
AI has now matured enough to deliver on the promises made about it in its early days
Today, AI is in a place where the original promises have now been kept.
When Inbound Sells Itself Said 15 Sept 2026
What limits AI automating a workflow is how well the workflow is codified, not the underlying model
The bottleneck is not the model, it is the codified workflow.
When Inbound Sells Itself Said 15 Sept 2026
What is a korrent?
A korrent is a belief a person has stated in their own words: one sentence stating the claim, backed by a quote and a source, kept at korrents.com.
Under a name here, the quoted block is what they actually said. The korrent beneath it is the claim those words support, in korrents' wording — tap it to see the record, its source, and who else holds it.
Nobody here wrote their own korrents. They are compiled from public statements, and a person can change their mind, which is recorded too.
Recommends rcmnd
rcmnd What they recommend 17 things — each backed by an exact quote.
Compiled by rcmnd.app, not by them: the quotes are theirs, and each links to the post it was copied from.
Recent
Loved Titanium Noir
Curious about his earlier work, I was not disappointed.
tomtunguz.com 29 Dec 2025
Loved Karla’s Choice
His son Harkaway picks up where his father left off, adding a bracing entry to the canon.
tomtunguz.com 29 Dec 2025
Loved The Unaccountability Machine
Davies argues that modern organizations function like runaway AIs, making decisions no human intends.
tomtunguz.com 29 Dec 2025
Show 14 more
Loved The NVIDIA Way
Kim’s portrait reveals a CEO who spends late nights alongside his team, torturing them into greatness.
tomtunguz.com 29 Dec 2025
Loved God Save Texas
As a Californian, it was fascinating to see Texas through Wright’s eyes.
tomtunguz.com 29 Dec 2025
Loved Breakneck
Wang argues that the US & China each have a dominant form of government problem-solving
tomtunguz.com 29 Dec 2025
Loved On Democracy
White, New Yorker editor, Charlotte’s Web author, Elements of Style co-creator, is among my favorite writers.
tomtunguz.com 29 Dec 2025
Loved Math Without Numbers
A vivid & accessible tour of abstract mathematics.
tomtunguz.com 29 Dec 2025
Loved The Complex World
This book goes deeper, surveying where complexity science stands today.
tomtunguz.com 29 Dec 2025
Loved Storyworthy
Matthew Dicks is an award-winning storyteller.
tomtunguz.com 17 Dec 2024
Loved The City & Its Uncertain Walls
I’ve read every one of his books, & this is the most recent
tomtunguz.com 17 Dec 2024
Loved How to Build a Car
He is the single most successful car designer in the history of Formula One, having won many championships.
tomtunguz.com 17 Dec 2024
Loved The Seventh Floor
one in a series about the CIA’s efforts to subvert Russian spies
tomtunguz.com 17 Dec 2024
Loved Seven Brief Lessons on Physics
Rovelli describes quantum concepts in an approachable way.
tomtunguz.com 17 Dec 2024
Loved The World for Sale
This book delves into the secretive world of commodity traders
tomtunguz.com 17 Dec 2024
Loved The New Map
Pulitzer Prize-winning author Daniel Yergin explores the changing landscape of energy, geopolitics, & climate change.
tomtunguz.com 17 Dec 2024
Loved Every Hand Revealed
A hand-by-hand narrative of Professional poker player Gus Hansen winning the 2007 Aussie Millions tournament.
tomtunguz.com 17 Dec 2024
Where they publish
Blog tomtunguz.com His near-daily blog, including an annual 'My Favorite Books' post.
Recent
- What if They're All Clouds? 18 Oct 2026 Anthropic is considered an AI company, but it should be valued as a cloud. On that basis, at $1.5t to $2t it would be worth roughly what Wall Street's estimates imply for a standalone GCP, on two-thirds the revenue.
- Price War in the Chip Aisle 13 Oct 2026 Five frontier models now sit within five points of each other in terms of intelligence, but their cost per unit differs by 3.8x. Google, which has built chips alongside its models for more than 15 years, prices lowest;…
Link verified 4 Sept 2026. Recent items update automatically from the channel.
x.com @ttunguz His X account.
Recent
- We all consider Anthropic an AI company. But what if it's a cloud? 19 Oct 2026
- How we work with founders at Theory 16 Oct 2026
- Google charges $2 for a task that costs more than $7 on Fable. Its 2024 TPU paper reported 80% higher token output. That lets Google charge less while protecting margins. 16 Oct 2026
Show 17 more
- 80% of software & AI stocks are down today. 15 Oct 2026
- Five frontier models now sit within five points of each other in terms of intelligence, but their cost per unit differs by 3.8x. Why could this be? 14 Oct 2026
- The 2026 Theory AI Survey surprised us, just as the 2025 edition did. In 2025, we found that context, limited AI performance. In 2026, that seems to be solved. 455 senior technical builders replied to give us a cross-section of the AI ecosystem today. 13 Oct 2026
- On Tuesday, October 20th at 10 AM Pacific, Office Hours will host Bardia Shahali, VP of Sales at Granola, for a conversation on what the sales organization should look like in the AI era. We’ll talk about : Why AI-era sales teams run smaller, and how far quotas have moved from traditional SaaS benchmarks. How faster ramps and larger deals change who you hire and how you compensate reps. How to structure go-to-market when the product spreads on its own. Register here for Office Hours : The Leaner Sales Org with Bardia Shahali. 12 Oct 2026 gatsby.events
- AI inference could grow from $160B to $350B next year, overtaking databases as the largest market in software. For software companies, that could mean margins closer to 30–50% than the usual 72%. 9 Oct 2026
- Amazing how inexpensive haiku is. The intelligence per dollar keeps dropping. 7 Oct 2026
- What if AI models have just reached commodity status? In early 2025, we debated whether labs would become the airlines of the AI industry : high cost, low margin businesses with undifferentiated products. What’s the strategy in this environment? 7 Oct 2026
- Jeanne DeWitt Grosser (@jdewitt29) , COO of Vercel, joined me on Office Hours to walk through how she & her team actually built the agent that now runs the top of Vercel’s sales funnel. It started with one engineer. 6 Oct 2026
- If a founder built a startup in the database market in the mid-2010s, 2% market share meant the company could IPO. No surprise the database was the most important software category in that era. Inference is about to surpass it. 5 Oct 2026
- GPU prices doubled from $4 to $8 per hour. OpenAI cut Luna's prices by 80%, then another 50%. We're getting more work out of each GPU hour, enough to keep prices falling. How long will this last? 2 Oct 2026
- Software engineering has many philosophies : test-driven development, pair programming, move fast & break things. In this new era, we add two more. 2 Oct 2026
- Join me and @jdewitt29 for office hours today! 1 Oct 2026
- The Fastest Growing Market in Tech isn't AI 30 Sept 2026
- Anthropic & OpenAI both re-rated their run rates in 2026 by segmenting : a mandatory enterprise repricing against an 80% price cut on the cheapest tier. 29 Sept 2026
- You'll need Matcha during Tech Week. We’re hosting First Pour with Zero Prime : matcha, pastries and coworking with founders & builders across AI & software. Wed 10/7, 8am–12pm in SoMa. Drop in anytime. RSVP → 29 Sept 2026 partiful.com
- GPU prices have doubled in the last six months, from $4.40 to $8.08 per GPU-hour. But AI prices are falling. How can that be? 28 Sept 2026
- I've started to use the Bezosism : ? 24 Sept 2026
Link verified 4 Sept 2026. Recent items update automatically from the channel.
LinkedIn Tomasz Tunguz on LinkedIn His LinkedIn profile.
Link verified 4 Sept 2026.
About the English under a post
Some people here publish in a language other than English. Where they do, this site shows a machine translation beneath the post, in this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the serif above is exactly what the person published, and it is what to quote them on. A translation can be wrong in ways that matter, especially about tone.
Only the post's own words are translated. A quoted post, a linked article and a belief on korrents.com are left in their original language.