@coatuemgmt
Coatue is a technology investment platform powering innovation across all stages. https://t.co/3wGjwI58jt
Coatue’s October 2026 Public Markets Update is out. The update covers the shift toward an intelligence age, the infrastructure powering AI, and more. Link to the full update in the comments ⬇️
Public Markets Update: coatue.com/blog/perspecti…
Charts of the day: We are moving from "waves" to "ages." Our latest public markets update deck is here. Subscribe to C:\Takes to receive updates when the video replay is available. Links below ⬇️
Public markets update: coatue.com/blog/perspecti…
Our Public Markets Update is coming soon. Subscribe to C:\Takes and get the highlight in your inbox. Subscribe: coatue.com/c/takes
Chart of the day: Agentic traffic has surpassed human traffic online for the first time!
Learn more: coatue.com/c/takes
Chart of the day: AI’s footprint in math research is growing fast!
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Chart of the day: The cost of AI has fallen faster than any other transformative technology in history!
Learn more: coatue.com/c/takes
Here’s why we believe Instinct can become the defining personal agent company of this era. Search made finding things trivial. Mobile put it in your pocket. Instinct makes everyday tasks frictionless. Excited to partner with Noah Shinn (@noahrshinn) and the team building a personal agent that can actually finish the job.
@noahrshinn Learn more: coatue.com/blog/perspecti…
Congratulations to Noah Shinn (@noahrshinn) and the Instinct team on their Series C. Instinct lives in messages, uses the same tools people do, and handles everyday tasks end to end, making “just handle it” feel possible. Coatue is excited to partner with the team.
Noah Shinn@noahrshinn·@patrick_oshag and I had a great conversation a few days ago. We talked about: - Instinct’s high-craft, user-centric, and minimalist approach to product-building. - Our exploding invite-only program that ensures that every new user is onboarded by a close friend or family member. - How the internet will be transformed over the next 1-2 years when the majority of users stop using apps or websites. - A few of my personal goals in terms of the experience I’d like to deliver to users. Thank you Patrick!
Chart of the day: SpaceX, Anthropic, and OpenAI are valued higher than every US tech IPO of the past 45 years combined!
Learn more: coatue.com/c/takes
Self-play is a powerful path for physical AI. @SkildAI's model trained against increasingly stronger versions of itself, turning one simple objective into emergent behaviors.
Skild AI@SkildAI·We trained a robot to play football. How? Self-play for 140 years in a virtual World Cup. Meet the #Messinator:
Chart of the day: Claude now leads over a quarter of Anthropic’s model R&D, up from virtually none just six months ago!
Learn more: coatue.com/c/takes
Energy storage: 10GW to 100GW in 4 years. Battery storage is becoming a critical part of the energy stack, helping shift solar power from midday production into evening demand as electricity needs rise. More in the latest C:\Take ⬇️
Ramp is now live in the UK. Earlier this year, Thomas Laffont (@coatue_thomas) and Eric Glyman (@eglyman) discussed the real promise of Ramp: replacing expense-report friction with smarter financial infrastructure that lets teams get back to actual work. Cheers to Eric, Karim (@karimatiyeh), and the @tryramp team.
Eric Glyman@eglyman·UK finance teams have waited long enough. Ramp is now live in the UK. Sorry we’re late. ramp.com/uk
Ramp is now live in the UK. Earlier this year, Thomas Laffont (@coatue_thomas) and Eric Glyman (@eglyman) discussed the real promise of Ramp: replacing expense-report friction with smarter financial infrastructure that lets teams get back to actual work. Cheers to Eric, Karim (@karimatiyeh), and the @tryramp team.
Eric Glyman@eglyman·UK finance teams have waited long enough. Ramp is now live in the UK. Sorry we’re late. ramp.com/uk
Chart of the day: The number of active satellites in orbit just went vertical! More active satellites have been launched in the last 5 years than in the previous 50 combined.
Learn more: coatue.com/c/takes
AI infrastructure has become one of the largest capital buildouts in the market. @LucasSwisher1 explains how capex from the four largest AI players now rivals the U.S. discretionary defense budget.
“Databricks is one of those rare companies that has been able to actually hop technology waves.” @LucasSwisher1 on how @databricks evolved from enterprise data infrastructure into a platform for AI.
Congratulations to @huggingface and @nvidia on an important milestone for AI builders.
Hugging Face@huggingface·Chart of the day: 2026 is a record year for stock dispersion, but strip out the top 10 winners and it looks like any other year!
Learn more: coatue.com/c/takes
Coatue's Brendan O'Boyle in the @FT (Financial Times): @Revolut's current user penetration in the European market and multiple ways to win from here. Full article linked in the comments ⬇️
@FT @Revolut Read more: ft.com/content/f9f240…
Runway’s Solaris is a major step toward a new operating layer where interfaces generate in real time and respond as users interact. Great work from the @Runway team.
Runway@runwayml·Today, we're sharing new research on Solaris, our first Interface World Model. Solaris is a new kind of operating system that generates interactive interfaces frame by frame, in real time, with no code. We find that Solaris outperforms frontier LLMs when generating new interfaces, across structural similarity and information retention. Read more and request early access at the link below.
Chart of the day: GenAI Spend via Cloud Providers has surged 15-20x across every cohort in just 18 months!
Learn more: coatue.com/c/takes
Great conversation with Aaron Katz (@ceo_clickhouse) on how AI is changing infrastructure, from query patterns and latency needs to the next generation of applications.
ClickHouse@ClickHouseDB·Our co-founder & CEO @ceo_clickhouse recently sat down with @HarryStebbings at @20vcFund for a conversation about AI, product, and building ClickHouse. They talk about how AI is impacting product roadmaps, what changes when agents become customers, open vs. frontier models, hiring great teams, and some of the lessons Aaron has carried with him from Salesforce and Elastic into building ClickHouse. If you’ve ever wondered how Aaron thinks about the shifts happening in AI and how they’re shaping the way we build ClickHouse, this is worth a listen! t.co/DNt0ColetA
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…
