Common themes in AI-Forward, High-Performing Companies

https://cdn.prod.website-files.com/65d0d38fc4ec8ce8a8921654/6a0cc628e05de9e3aee72031_ICONIQ_Analytics_2026_Building_the_Modern_GTM_Org.pdf

TSR performance across value chain slowed down to 4%, Fabless AI focused players were down -9%

https://pages.mckinsey.com/rs/473-ZYE-522/images/2026-Q1_Semicon%20CaaS.pdf

Dilution isn't a moment, it's a pattern.

https://www.jpmorgan.com/content/dam/jpmorgan/documents/cb/insights/banking/commercial-banking/cb-insights-banking-startup-insights-report-h1-2026.pdf

The fight for AI opportunity will happen on three distinct battlegrounds

https://www.bcg.com/assets/2026/executive-perspectives-ai-and-the-future-of-software.pdf

Inflation Concerns Deflate as AI Rises

https://www.svb.com/globalassets/trendsandinsights/reports/state-of-the-vc-backed-cfo/vc-backed-cfo-2026.pdf

Payments industry has little physical capital, and AI is disrupting its core asset - technology

https://www.bcg.com/assets/2026/executive-perspectives-ai-first-companies-payments.pdf

AI startup funnel for USA vs Europe

https://www.prosus.com/~/media/Files/P/prosus-corp-v2/documents/european-ai-report-2026.pdf

AI allows companies with low GTM maturity to leapfrog to GTM 4.0

https://web-assets.bcg.com/14/e4/0ec4a64546959824fe3c2eca9049/how-ai-can-reshape-distributed-sales-channels-in-emerging-markets-hybrid-apr-2026.pdf

 

AI agents are automating workflows faster than they are coordinating decisions

https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2026/04/global-ai-pulse.pdf

The AI Revolution Continues

https://www.apollo.com/content/dam/apolloaem/pdf/daily-spark/2026/apr/12/dailyspark-2026-04-12-1775835949.pdf

Surreal 2025/26

https://www.transphereconsulting.com/wp-content/uploads/2026/02/Dealroom_Wrapped.pdf

Tech Valuations Back to Pre-AI Boom Levels

https://www.apollo.com/content/dam/apolloaem/pdf/daily-spark/2026/apr/11/dailyspark-2026-04-11-1775830796.pdf

The AI Capital Stack: $100M+ Rounds Are Landing in the Application Layer

https://www.senseai.ai/wp-content/uploads/SenseAI-Ventures-State-of-Artifical-Intelligence-Report-2026.pdf

Think about intersectionality

https://web.stanford.edu/class/archive/cs/cs109/cs109.1264/lectures/26-Future/26-Future.pdf

The solution to Europe?s AI problem is hiding in plain sight: Capital

https://www.prosus.com/~/media/Files/P/prosus-corp-v2/documents/the-prosus-way/the-way-forward.pdf

As AI models mature it will be about distribution.

https://www.prosus.com/~/media/Files/P/prosus-corp-v2/documents/the-prosus-way/the-usage-paradox.pdf

Europe is reliant on overseas capital at the breakout and scaleup stage

https://www.prosus.com/~/media/Files/P/prosus-corp-v2/documents/the-prosus-way/the-startup-paradox.pdf

Many hyperscalers can finance rising AI-related capex from cash flow

https://www.fppaco.org/files/f3aa80b2d/FPPA-Board-Meeting-Packet-2026-02-05.pdf

cloud provider revenue is shifting from training to inference

https://consultingedge.substack.com/api/v1/file/7a2c9c0d-0886-4bbb-b666-49c14aa302c2.pdf

humanoid robot use cases

https://institute.bankofamerica.com/content/dam/transformation/physical-ai-part-2.pdf