Everything on Venture Capital & Infrastructure

Current AI infrastructure investment differs from historical tech bubbles due to blue-chip backing, immediate compute monetization, and software efficiency extending hardware ROI. Older inference chips are becoming more valuable as software optimization outpaces hardware depreciation.

Impact: Mitigates systemic overbuild risk while highlighting profitable opportunities in hardware lifecycle management, optimization software, and compute brokerage.

— from AI's 80-Year Overnight Success and the Agent Economy · a16z Podcast· Apr 03, 2026