Public investors see the supply side of AI (the chips and the hyperscalers), and little of the demand side, because the demand lives in private companies (as my colleague @jrichlive often says). Since April, token usage on @Vercel's AI Gateway has grown almost 8x, and spend more than 3x’d. Prices fell by more than half during that time, and developers bought nearly eight times as much. In 30 years, I haven't seen demand like this.

I just stepped out of Legora’s NYC office. Hard to describe how special it is to see hundreds of people working on something that Max, Sigge, and Jake once only had each other to believe in. They will win this and everyone who doesn't know yet will know soon. And they're hiring for all roles in NYC but especially engineers and product. legora.com/careers

10 years ago, on FinTwit: - John Malone is the best "Outsider CEO" - Valeant Pharmaceuticals trades at low P/Adj CF - Which country might do the next "Brexit"? - Tesla is a fraud - Oil stocks are going to come back... eventually

Tomorrow. By @blakejharrisNYC