@coatuemgmt
Coatue is a technology investment platform powering innovation across all stages. https://t.co/3wGjwI58jt
AI is changing how people search: longer queries, more engagement, and more refinement as users narrow down what they’re looking for. Swipe through what this shift means for consumer behavior and the future of search.
Learn more: coatue.com/c/takes
The TAM for AI coding agents may be much larger than coders alone. At @OpenAI, the bigger signal is not just engineering usage. It is finance, legal, and operations teams beginning to use coding agents to improve the speed and efficiency of everyday work. Full breakdown ⬇️
Excited for the launch of Runway Ruby. Ruby makes it easier to turn uploaded and AI-generated videos into higher-quality HDR footage. Congrats to the @runwayml team.
Runway@runwayml·Introducing Runway Ruby. A new model that converts SDR video up to 16-bit HDR in ProRes and EXR sequences. Compatible with any existing uploaded video or generated output up to 30s.
Max Cook (@maxlbcook) on what the latest hyperscaler growth data suggests about the timeline from cloud infrastructure spend to revenue growth.
@maxlbcook Learn more: coatue.com/c/takes
Excited for the launch of Ramp Router. Ramp Router matches requests to the lowest-cost model that meets your performance needs. Congrats to the @tryramp team!
Veeral Patel@vral·Monitor and control your AI spend on every provider on t.co/2Q7TP4U0b7. Our early users save 40% on average. Every week, the price-intelligence-latency frontier shifts, and we expect this trend to continue. Tradeoffs between latency, reasoning, cost, service tier, open source and closed source models are shifting constantly. Router sends every request to the model that's actually best for the task and helps you control what tokens you buy. We benchmark it against real work: ~40% lower cost for the same outputs. Today we're opening it to everyone. Two lines of code or just change your base URL. No @tryramp account needed. Free through 2026, first $26 on us. Get an API key today at t.co/2Q7TP4U0b7
AI search may not just increase search volume, it may change the quality of intent. Michael Barton (@lordbartonjr) explains why deeper, more conversational searches could make advertising more intent-rich.
COATUE@coatuemgmt·Charts of the Day: AI is changing the way we use Search.
AI search may not just increase search volume, it may change the quality of intent. Michael Barton (@lordbartonjr) explains why deeper, more conversational searches could make advertising more intent-rich.
COATUE@coatuemgmt·Charts of the Day: AI is changing the way we use Search.
Chart of the Day: Enterprise usage is shifting from asking AI questions to letting it do the work.
Learn more: coatue.com/c/takes
Congratulations to the @cursor_ai team. Proud to be part of the journey, and excited for what comes next with @SpaceX.
Cursor@cursor_ai·Cursor is now part of @SpaceX. Today, we have officially closed our acquisition. We will join the @SpaceXAI team to help make Grok the world's most useful AI and improve Grok Build, Grok Bot, Grok API, Cursor, and more. SpaceX has built some of the most inspiring and impressive technology in the world, and we’re grateful for the opportunity to become part of such a special company. Onwards.
Chart of the Day: Energy storage is scaling faster than solar or wind ever did!
Read more: coatue.com/c/takes/chart-…
Coatue first invested in @databricks in 2019. The pace of @databricks' execution continues to stand out. Congratulations to @alighodsi and the team on the next chapter.
@databricks @alighodsi Read More: databricks.com/company/newsro…
. @deel's COO on what most people get wrong about growth and the lightbulb moments along the way. As longtime partners to Deel, congrats to the team as they pass $1.5B ARR.
Dan Westgarth@DanWestgarth·Last week, we announced Deel crossed $1.5B ARR. It's been an unbelievable seven years. I wanted to share how I think we got here, what it has meant for my role, and why AI is supercharging the next growth curve: x.com/i/article/2087…
It's striking to see how much @databricks has evolved since our first investment in 2019. What began as a thesis about Spark is now the critical context layer for enterprises embedding AI into their workflows. Read our full perspective in the comments ⬇️
Read more: coatue.com/blog/perspecti…
Chart of the Day: Four companies now spend at a staggering scale. Hyperscaler AI capex is on track for ~$733B in 2026, about 87% of the base US defense budget.
Read more: coatue.com/c/takes/chart-…
Chart of the Day: Four companies now spend like a superpower. Hyperscaler AI capex is on track for ~$733B in 2026, about 87% of the base US defense budget.
Unity Catalog gave customers a way to securely govern their data and AI assets; AI Gateway is the next step, managing token spend and agent governance so enterprises can move faster with AI. ⬇️ x.com/databricks/sta…
Learn more about our partnership with @databricks: coatue.com/blog/perspecti…
The cost center of energy has become more about delivery than production. Excited to see @basepowerco launch Base Core today, and to keep backing Base Power and others re-industrializing the US grid.
@basepowerco Read more: coatue.com/c/takes/chart-…
At the @RaiseSummit in Paris, Coatue's Max Cook (@maxlbcook) highlighted three takeaways from conversations across the AI ecosystem: 1. Companies are moving toward multi-model 2. Token volume is scaling quickly, but productivity depends on the harness around it 3. Sophisticated teams are using open-source and frontier models Watch the full recap ⬇️
Charts of the Day: AI is changing the way we use Search.
As AI Overviews and AI Mode scale, users are asking longer, more conversational questions and spending materially more time in the Google app.
A shift is underway, from pre-training to continual, on-the-job learning. A recent study found that the newest models learn on the job about 2x as fast as models from just 3 months ago. Sector Head Max Cook (@maxlbcook) breaks this down in our latest C:\Take ⬇️
@maxlbcook Read More: coatue.com/c/takes/the-ne…
The next scaling law: learning velocity "on the job"
Lucas Swisher of Coatue (@LucasSwisher1) sees AI adoption moving in three waves: consumer first, developers second, then a much larger expansion into enterprise.
At the @RaiseSummit in Paris, Max Cook (@maxlbcook) shared some takeaways on the shift toward multi-model AI. Enterprises are building for a multi-model future and the infrastructure is following.
Physical AI will need more than models. It will need simulation, validation, deployment workflows, and operating infrastructure built for real-world machines. Congrats to @AppliedInt on Dana, a new agentic platform for building and operating physical AI systems. x.com/AppliedInt/sta…
Lucas Swisher of Coatue (@LucasSwisher1) on the Power Law Paradox, and why scale becomes a compounding advantage.
Chart of the Day: Major cloud providers are re-accelerating as AI adoption increases!
Runway's data across hundreds of enterprises points to a familiar pattern. Every time production friction drops, creativity expands to fill the space. Cristóbal Valenzuela's (@c_valenzuelab) read: the next era of media belongs to the big idea, not the big budget. x.com/c_valenzuelab/…
Coatue is leading @databricks' new strategic funding round. The company is building what enterprises need to run AI reliably in production: governed data, model choice, cost control, and business context. The new capital expands that work across Unity AI Gateway, Genie, and Lakebase.
We have been investors in @databricks for over 8 years and are pleased to be leading this latest round. More than 20,000 organizations worldwide rely on the Databricks platform. We can’t wait to see what they build next. x.com/databricks/sta…
Read more: databricks.com/company/newsro…
Lucas Swisher (@LucasSwisher1) of Coatue, pushes back on the idea that frontier models are becoming a commodity. Frontier models continue to improve at a very rapid pace and benefit from access to talent, compute, and training incremental models.
Lucas Swisher of Coatue (@LucasSwisher1) does not frame AI as a zero-sum shift. On How I Invest with David Weisburd (@DWeisburd), he argues that technology grows the productive capacity of the economy.
Before, you had to click, read, and plan a task yourself. Now an agent runs that same sequence in a loop. x.com/coatuemgmt/sta…
Chart of the Day: CPU is back from the dead.
Last time it was memory, this time it's CPUs. Agents are becoming the new users of CPUs. ⬇️ x.com/coatuemgmt/sta…
Read more: coatue.com/c/takes/agents…
Agents are the new users of CPUs. Coatue’s Frank Long and Nick Gagnet on the agentic shift inverting the GPU-to-CPU ratio.
Read more: coatue.com/c/takes/agents…
Chart of the Day: Codex adoption has broadened from engineering into nearly every function across OpenAI. Is this a predictor for the rest of the enterprise world?
In every tech wave, the leaders of one era often aren't the leaders of the next. Inside the AI wave, software is going through a shift. Coatue Sector Head Max Cook (@maxlbcook) calls it the 'software handoff' and explains what marks a 'handoff' and how to spot one. More in our C:\Take below. ⬇️
@maxlbcook Read more: coatue.com/c/takes/the-so…
Intelligence is becoming a utility you pay for monthly. Gas, water, electricity, broadband: each one reshaped the economy once it became something anyone could plug into and intelligence is next. Philippe Laffont (@plaffont) joined CNBC's Squawk Box to explain why even a small lift to global growth compounds into something far bigger over time.
. @plaffont on SpaceX, the @cursor_ai acquisition, and lessons learned.
@plaffont @cursor_ai You can watch the full interview here: youtu.be/fbAHgQHTYwI?si…
Cursor's keynote -> how they are training their new model with SpaceX. x.com/cursor_ai/stat…
What is the size of the AI Ecosystem? At the @theallinpod Liquidity Summit, Thomas Laffont (@coatue_thomas) breaks it down into three pillars: 1) Consumer 2) Advertising 3) Enterprise Watch the full video ⬇️
Liquidity Summit Full Video: youtube.com/watch?v=UIoV8r…
Chart of the Day - In Collaboration with @OutcastVC: Innovation waves get credited to new technology. The real trigger is when great talent becomes available to build. The Talent Mobility Index tracks how freely top tech talent can move in a given year, blending hiring, job change, and AI funding data into a single score. The AI labs concentrated the best builders in the world and created extraordinary success. Now, as that success matures, some of those builders are stepping out to start what's next. Source: Data collaboration with Outcast Ventures and Coatue.
Chart of the Day: Software is no longer a monolith. The dispersion within it is widening — infrastructure and cybersecurity are steady while everything else has declined by ~80%.
Chart of the Day: Is the baton passing? AI Labs are projected to generate the most net new ARR in Q2.
Short dramas have quietly scaled into a mainstream format, and most of the US still hasn't noticed. Serialized, vertical, and made for the phone. Episodes run one to two minutes, seasons run 100 to 150. In China it's already obvious. More viewing time now goes to short dramas
Read more: coatue.com/c/takes/chart-…
Chart of the Day: New business formation is inflecting! GenAI might be the catalyst.
The Coatue framework for how @SpaceX's value per launch scales with cadence. More launches means more constellations, more subscribers, and more recurring revenue. Companies, governments, and militaries are increasingly looking to own their own infrastructure. Thomas Laffont
Full presentation: coatue.com/blog/video/all…
The power law paradox. x.com/coatuemgmt/sta…
The Power Law Paradox: you're more likely to 10x at scale. → 8% of unicorns reach decacorn status. → 13% of decacorns reach $100B. → 31% of $100B companies have gone on to 10x. The conventional wisdom: early-stage has the best returns. The data: you're more likely to
Full Video: youtube.com/watch?si=fLAj4…
Tokens are the fastest-growing cost in business. Most finance systems weren't built to see them, let alone govern them. @tryramp is building the infrastructure to change that. Proud to be a returning investor. The third pillar of business finance is here. x.com/eglyman/status…
"We think of @Revolut's business as an all-in-one global software platform for financial services." Brendan O'Boyle, Sector Head of Financials and Fintech at Coatue, on what makes Revolut's model distinctive. As Revolut acquires licenses around the world, he sees room to launch
@Revolut Read more: bloomberg.com/news/features/…
The next Magnificent Seven won't come from public markets. Thomas Laffont (@coatue_thomas) on the private index taking shape right now and why the concentration of capital into a handful of companies is just getting started. ⬇️ x.com/coatuemgmt/sta…
@coatue_thomas Full presentation: youtu.be/UIoV8rG_25s?si…
The unicorn economy has been consuming far more cash than it's returning. That's changing. Thomas Laffont (@coatue_thomas) on the IPO wave that's about to rebalance the ecosystem. ⬇️ x.com/theallinpod/st…
Full Presentation: youtu.be/UIoV8rG_25s?si…
"Demos, not memos." @carynm650 asked @kiwicopple where vibe coding is actually landing. The phrase he keeps hearing inside enterprises says it all. Two places it's working: → Solo builders shipping products they couldn't before → PMs inside enterprises building the demo x.com/coatuemgmt/sta…
We led @Supabase's Seed and Series A. Five years in, they're the open source Postgres platform powering the majority of AI app builders — and 9 million developers strong. As agents reshape how software gets made, Supabase has become the default backend underneath it. Proud to
Read more: coatue.com/blog/perspecti…
@supabase Read more: coatue.com/blog/perspecti…
Thomas Laffont (@coatue_thomas) at the @theallinpod Liquidity Summit with four key takeaways: → The unicorn economy is healthier than it's been in years, thanks to AI → The winners are compounding faster than anything that came before them → Disruption isn't contained to one
The firms that win the next decade of accounting won't hire their way through it. They'll build on better infrastructure. @tryramp Stack is purpose-built AI for the close, the journals and the reconciliations. This is what vertical AI actually looks like. x.com/eglyman/status…
@tryramp Read more: ramp.com/blog/ramp-stac…
Chart of the Day: "What if it increases another 6.5x from here? We don't have anywhere near what's needed in terms of the infrastructure to support that." - Sam Altman, @OpenAI
Congratulations to @maxlbcook, named a 2026 Hedge Fund Rising Star by @iimag. When he joined Coatue in 2022, he carved out a niche no one else was covering: industrials. When AI arrived, he already had the map. Chips → data centers → grid equipment → power → gas x.com/coatuemgmt/sta…
Read more: institutionalinvestor.com/article/these-…
For years, AI transformed the digital world. Now it's escaping the screen. @LucasSwisher1 on what comes next: advanced manufacturing, surgical robotics, robots in the home. Watch our latest C:\Take ⬇️
Exceptional team. Honored to be a part of the journey. x.com/cerebras/statu…
Full interview: coatue.com/blog/video/int…
Chart of the Day: @Kalshi's political volume has scaled dramatically, and the American Power Index (KPOW) is what that scale enables: a single-number gauge of the current balance of political power and where markets expect it to move, which Kalshi bills as an "S&P 500 for
Punch cards → source code → agentic coding. @bcherny on a once-in-seventy-years shift. Full interview in the comments below ⬇️
@bcherny Full interview: coatue.com/blog/video/int…
"I haven't used an IDE in about six months." @bcherny creator of Claude Code, with @coatue_thomas. Why we're tripling down ⬇️ x.com/coatuemgmt/sta…
Learn more: coatue.com/blog/press/our…
