1 00:00:04,489 --> 00:00:08,689 Menlo Ventures raises record $3 billion AI funds. 2 00:00:08,890 --> 00:00:13,319 Menlo's fresh capital arrives with strings attached to its anthropic windfall. 3 00:00:13,550 --> 00:00:17,209 That single position now shapes term sheets across the portfolio, 4 00:00:17,409 --> 00:00:20,510 giving the firm leverage on data rights competitors lack. 5 00:00:20,770 --> 00:00:24,760 Watch what happens when portfolio companies hit their first enterprise renewal. 6 00:00:25,049 --> 00:00:28,149 Menlo can bundle access at margins others can't touch. 7 00:00:28,639 --> 00:00:29,659 Rivals must either 8 00:00:30,024 --> 00:00:33,205 the anchor bet or accept thinner ownership in the next cycle. 9 00:00:33,505 --> 00:00:37,134 LPs will now ask for the same exposure on future closes. 10 00:00:37,424 --> 00:00:42,444 Base 10 hits $13 billion valuation in $1.5 billion raise. 11 00:00:42,705 --> 00:00:46,125 Open source inference costs just dropped another 40%, 12 00:00:46,345 --> 00:00:49,615 but Base Ten's round prices in the assumption they keep falling. 13 00:00:49,865 --> 00:00:52,775 The dual tier setup lets early LPs cash out 14 00:00:52,775 --> 00:00:54,985 while new money bets on volume over margin. 15 00:00:55,520 --> 00:00:59,520 Watch what happens to the API margin when this hits enterprise SLAs. 16 00:00:59,840 --> 00:01:03,580 Cheaper models erode the take rate faster than utilization rises. 17 00:01:03,759 --> 00:01:08,000 Existing players now have to decide whether to subsidize their own stacks 18 00:01:08,000 --> 00:01:11,510 or lose the mid-market to pure open source plays within a year. 19 00:01:11,830 --> 00:01:14,739 Five Eyes warn AI cyberattacks months away. 20 00:01:15,160 --> 00:01:18,279 Security budgets at Fortune 500 companies just gained 21 00:01:18,279 --> 00:01:20,360 another line item that wasn't in last quarter. 22 00:01:20,675 --> 00:01:21,324 Forecast. 23 00:01:21,574 --> 00:01:23,694 The joint statement understates how quickly 24 00:01:23,694 --> 00:01:26,175 defensive tooling lags offensive scripts. 25 00:01:26,404 --> 00:01:31,735 Expect CSOs to demand SLA carveouts for AI augmented attacks by Q3, 26 00:01:31,894 --> 00:01:34,805 shifting spend from prevention to rapid containment. 27 00:01:35,055 --> 00:01:36,915 Smaller governments lack the option. 28 00:01:37,095 --> 00:01:39,775 They either outsource detection or accept response 29 00:01:39,775 --> 00:01:41,735 times that current staffing cannot meet, 30 00:01:41,934 --> 00:01:45,735 and insurance carriers will reprice policies accordingly by year end. 31 00:01:46,230 --> 00:01:50,269 Meta launches $299 AI smart glasses line. 32 00:01:50,470 --> 00:01:55,449 Esselor Luxottica now sells two competing AI glasses lines under the same roof. 33 00:01:55,669 --> 00:01:59,750 The $299 entry price targets volume over margin, 34 00:01:59,949 --> 00:02:03,790 yet it bypasses the optician channel that drives most eyewear revenue. 35 00:02:04,069 --> 00:02:07,589 Watch independent retailers pull meta shelf space once they 36 00:02:07,589 --> 00:02:11,008 realize the new model skips prescription integration entirely. 37 00:02:11,222 --> 00:02:15,261 The original Ray-Ban Meta Partnership faces margin pressure within 6 38 00:02:15,261 --> 00:02:18,712 months as consumers migrate to the cheaper direct option. 39 00:02:19,022 --> 00:02:23,501 Meta bets the AI features alone will pull users past the missing customization. 40 00:02:23,901 --> 00:02:26,292 Tech stocks slide on AI spending fears. 41 00:02:26,451 --> 00:02:29,361 Cerebrous flagged losses that won't reverse soon. 42 00:02:29,542 --> 00:02:32,761 That warning ripples straight to the startups renting their cluster. 43 00:02:32,942 --> 00:02:35,242 The data trademark is what is are considered. 44 00:02:35,302 --> 00:02:36,222 Good luck to try to. 45 00:02:36,524 --> 00:02:38,804 Relocate these NASA clues into your teener. 46 00:02:39,054 --> 00:02:43,253 How much slack history do you want your model to remember after the employee leaves? 47 00:02:43,494 --> 00:02:45,973 That retention question now sits inside every 48 00:02:45,973 --> 00:02:48,354 enterprise rollout of the new tag feature. 49 00:02:48,694 --> 00:02:53,404 Legal teams will demand shorter data windows and on-prem options within 6 months. 50 00:02:53,694 --> 00:02:56,453 Rivals without equivalent context will lose deals 51 00:02:56,453 --> 00:02:58,923 where workflow accuracy decides the contract. 52 00:02:59,173 --> 00:03:00,854 The real moat is not the model, 53 00:03:01,054 --> 00:03:04,016 but the Freshness of the internal graph it builds daily. 54 00:03:04,326 --> 00:03:07,156 Mo Engage bets on millions of AI agents. 55 00:03:07,386 --> 00:03:09,725 Millions of agents sound impressive until the 56 00:03:09,725 --> 00:03:12,485 first compliance audit hits a regulated vertical. 57 00:03:12,856 --> 00:03:16,085 Mo Engage's bet forces every marketing platform to ship 58 00:03:16,085 --> 00:03:19,916 agent swarms or lose the mid-market entirely by Q3. 59 00:03:20,246 --> 00:03:23,805 Salesforce in particular must either cut automation prices or 60 00:03:23,805 --> 00:03:26,565 watch campaigns migrate to the lower cost option. 61 00:03:26,820 --> 00:03:28,880 The second order effect is simpler. 62 00:03:29,100 --> 00:03:32,380 Agencies lose billable hours on routine segmentation 63 00:03:32,380 --> 00:03:35,240 work and pivot to strategy retainers instead. 64 00:03:35,460 --> 00:03:39,279 Expect migrations inside retail and fintech clients this fall. 65 00:03:39,539 --> 00:03:42,139 Zuckerberg pushes Meta Prediction Markets app. 66 00:03:42,320 --> 00:03:45,210 Prediction markets inside meta could quietly replace 67 00:03:45,210 --> 00:03:48,000 surveys as the signal advertisers trust most. 68 00:03:48,419 --> 00:03:52,740 Arena lets users stake on outcomes ranging from product launches to policy. 69 00:03:52,934 --> 00:03:55,884 Shifts with every trade logged as training data. 70 00:03:56,175 --> 00:03:58,565 Those bets feed directly into recommendation 71 00:03:58,565 --> 00:04:00,804 models without extra labeling steps. 72 00:04:00,955 --> 00:04:02,774 By Q3 2026, 73 00:04:02,975 --> 00:04:06,645 the loop gives Meta a 20 point engagement edge over platforms, 74 00:04:06,815 --> 00:04:09,145 still guessing preferences from clicks alone. 75 00:04:09,455 --> 00:04:12,095 Traditional media metrics start looking stale 76 00:04:12,095 --> 00:04:14,205 once real money backs the forecasts. 77 00:04:14,375 --> 00:04:16,173 Or pawning on this Centrafid tonight, 78 00:04:16,295 --> 00:04:18,774 clincherder Myther Fenon with up to 80. 79 00:04:18,890 --> 00:04:19,608 Memory monkey, 80 00:04:19,690 --> 00:04:21,440 who's her firm compe initials, 81 00:04:21,450 --> 00:04:22,079 Watrennius. 82 00:04:22,839 --> 00:04:25,809 Mo Formosaar Twiless sub truck that will see utility rates 83 00:04:25,809 --> 00:04:29,329 climb as Google and others bid for every spare megawatt. 84 00:04:29,450 --> 00:04:32,420 Local manufacturers lose expansion room when the grid 85 00:04:32,420 --> 00:04:35,589 prioritizes AI racks over new plants come online. 86 00:04:36,089 --> 00:04:39,200 Siemens CEO highlights industrial AI gains. 87 00:04:39,519 --> 00:04:42,359 Factory AI is already moving past chatbots 88 00:04:42,359 --> 00:04:44,809 into closed loop control systems that adjust. 89 00:04:44,924 --> 00:04:46,515 Production lines in real time. 90 00:04:46,765 --> 00:04:51,904 Siemens plants report 18% fewer unplanned stops after six months of deployment. 91 00:04:52,125 --> 00:04:54,765 This forces competitors like GE Vernova 92 00:04:54,885 --> 00:04:57,125 to either match on edge deployment speed 93 00:04:57,125 --> 00:04:59,785 or concede bids in automotive and aerospace. 94 00:05:00,035 --> 00:05:02,394 That separation gives European regulators 95 00:05:02,394 --> 00:05:04,625 fresh ammunition for hardware subsidies, 96 00:05:04,765 --> 00:05:07,125 while US plants lag on integration. 97 00:05:07,325 --> 00:05:10,845 The gap shows first in downtime CFO's watch each quarter.