Jack Altman

GP @Benchmark

[Jack Altman @jaltma]

@alexrkonrad I would actually really enjoy that

[Jack Altman @jaltma]

Because we got some feedback that we had no breakfast at benchmark breakfast

[Jack Altman @jaltma]

@EverettRandle @kevinakwok I think we literally said hill climbing on pancakes, which makes me think it’s time to shut this whole echo chamber down

[Tendrils Compute @TendrilsCompute]

Tendrils has raised $30M led by @benchmark to rebuild general-purpose computing. @jaltma is joining our board.

At Tendrils, we believe that the future of general-purpose computing lies beyond legacy architectures for legacy software.

[Jack Altman @jaltma]

@alexanderwill @nilscmr @TendrilsCompute it is, I love working you...and this is fully thanks to you for connecting us in the first place 🙏

[Jack Altman @jaltma]

So thrilled to back @nilscmr and the team at Tendrils, who are taking advantage of advances in AI to rebuild the CPU.

Absolutely brilliant and ambitious founders who I feel lucky to be around.

[Tendrils Compute @TendrilsCompute]

Tendrils has raised $30M led by @benchmark to rebuild general-purpose computing. @jaltma is joining our board.

At Tendrils, we believe that the future of general-purpose computing lies beyond legacy architectures for legacy software.

[Jack Altman @jaltma]

@BrendanFoody @benchmark @generalcatalyst @nvidia @salesforce @Zoom @mercor 💪

[Everett Randle @EverettRandle]

Jack and I spend much of our day discussing the latest in tech with our partners and figured why not extend that conversation to our friends on the internet. Let us know what you think!!

[Jack Altman @jaltma]

@grosen @EverettRandle @saammotamedi the device isn't a good fit for saam :(

[Jack Altman @jaltma]

After 58 episodes of Uncapped it was time for a little format refresh.

Benchmark Breakfast, where @EverettRandle and I will talk about whatever's on our mind or in the news as though it's our monday partner meeting. Sometimes with guests sometimes without.

Here's the first one, let us know what you think 🤗

(0:00) Intro
(0:45) Introducing Benchmark Breakfast
(2:09) Anthropic S-1 drops
(3:59) The revenue vs. compute chart
(6:19) Growth volatility and consumption-based revenue
(7:11) The race for the best model
(10:21) Code gen saturation and software factories
(13:39) The AI-bottleneck trade
(17:39) Code gen as the most impactful PMF in history
(21:27) Durability is hard to call
(23:36) Investing in the trend vs. calling the next one
(26:09) Circular revenue vs. outside customers
(28:15) Open source vs. closed source steelman
(34:25) Own your intelligence
(36:29) Open source as a % of frontier spend
(40:52) AI and cybersecurity
(44:35) Abliterated models
(48:08) Bio, robotics, and physical abundance
(51:52) Why physical feedback loops are slower
(54:12) Ev’s dad and the promise of bio
(55:13) Halloween plans and the iPhone Duo

[Jack Altman @jaltma]

@EverettRandle youtube: https://t.co/s7jdAxev86

[Jack Altman @jaltma]

I get the worry about AI taking all the jobs but it sure seems like engineers are harder to get and more expensive than ever 🤔

[joowon @n0w00j]

ngl i don’t understand the Blacksmith valuation cause they have outages so often and they don’t respond to their support email

we migrated over to @PeakInfra and have easily decreased build times by 30% at least while getting infinitely better support and volume

[Chetan Puttagunta @chetanp]

From Benchmark leading the seed to an $8.8B valuation in 2.5 years, the Legora team has led the industry by bringing the best products to lawyers around the world. Thrilled to be joined by our friends at Atreides, Baron Capital, Capital Group, Fidelity, JPM, and many others!

[Sam Blond @samdblond]

Today Monaco is launching Agent Matrix.

Monaco unleashes countless agents working together, goal seeking, with one outcome in mind: accelerate revenue growth.

If you don’t have an army of agents working 24/7 to accelerate revenue growth, you’re living in the past.

Apply for early access now.

[Daksh Gupta @dakshgup]

series b

[Jack Altman @jaltma]

@rauchg i dont understand how you do it

[Will Bryk @WilliamBryk]

Exa just passed $100m in annualized revenue.

We've grown almost exactly 10x per year for 3 years. We now handle 2 billion requests a month from 200k+ teams. And it’s still so early:

We predict agents will search 1000x more than humans by 2030.

Agents don't search like humans. They write long, complex queries and want all the world's data, not just the web. We've spent 5 years building a search engine designed for them.

We now serve personal agents, AI labs, coding agents, GTM agents, really any agent. Exa gives these agents access to 100s of billions of web documents and tons of proprietary data.

Our customers are increasingly noticing that information is the bottleneck to agent performance. While the world seems close to perfect intelligence with models like Fable and Astra, we are very far from perfect information.

To our small but legendary team, thank you for getting us here, from engineering to research to GTM to ops.

To our customers, it is an honor to serve you. We have some exciting releases coming soon and can't wait to share them 🫡

[Ravi Gupta @GuptaRK22]

Today we announced an agreement to acquire Bumble.

Over the past six months, we’ve looked at hundreds of companies, asking which businesses would become more valuable as AI advances. 

Bumble stood out. 

As intelligence becomes more abundant, we believe connecting with the right person and forming meaningful relationships will become even more precious. And frontier technology can help more people find and build those relationships.

Our purpose at Ithaca is to apply frontier technology to things that matter. We acquire enduring businesses, transform them with technology, and hold for the long term. We focus on businesses not only for their financial potential but their ability to enrich lives.

Whitney and her team have built something extraordinary. Millions of relationships began on Bumble, and we’re honored to help take it into its next era. Together we intend to build the best company in the world for helping people find each other.

Let’s get to work.

[Jack Altman @jaltma]

@GuptaRK22 💪