John Collison

John Collison × Mark Zuckerberg × Alexandr Wang

Meta is making a $100 billion-scale infrastructure wager to return to the frontier with Muse Wonder, a larger model optimized for personal and professional agents, active memory, long-horizon focus and multimodality.Paid access, APIs, enterprise distribution, commerce and existing-business growth must fund the buildout, while resale or internal use partly hedges downside if models or AI disappoint.

Molly O'Shea × John Collison

AI training is shifting from benchmark scores to economically valuable work, making high-fidelity environments for real workflows, tools, data, and verifiers a bottleneck.Enterprises may gain an edge by owning evaluations and correction data around differentiating workflows while routing tasks across models for accuracy, cost, and latency.Reward hacking and limited agent endurance make permissions, auditability, and verification key adoption constraints.

John Collison × Evan Spiegel

Snap enters 2026 near 1 billion monthly active users and net-income profitability, with consumer Specs launching after 12 years of investment to pair normal-glasses wearability with spatial-computer capabilities.With over two-thirds of new code AI-written, 25 million Snapchat+ subscribers, and direct revenue above $1 billion, cheaper software may increase the value of Snap’s distribution and proprietary hardware.

John Collison × Mati Staniszewski

ElevenLabs is building a more sales-led enterprise business, making the shift in customer mix a key signal for the company’s next phase.Its potential moat combines model architecture with proprietary prosody data, while cascaded agents may anchor complex workflows until conversational orchestration improves enough to support broader deployment.