Azeem Azhar

are rising, not falling.

This is not over supply.

And what I think we're going to start to see this year is we're going to see early frontier companies, big companies, deploying agentic systems.

And once they get it working, and it might take a few months, they'll put it in front of tens of thousands of employees.

And that's an enormous step change increase in demand.

To give you a sense of what that increase looks like,

I'll regularly run processes through some of my multi-agent systems that will be half a million tokens for something that I'm trying to push forward on the frontier.

So this is the cataclysmic mood I think has receded a little bit.

So always stay level-headed, read boomorbubble.ai and read the newsletter because that's our job.

So this is where we are.

Let's go reprise that.

My three anchors for the year.

The act of making has been transformed.

You can build faster than you can spec.

That done list is real.

The question of meaning has sharpened and that meaning is going to come from us.

Authenticity being that new scarcity.

And those new foundations, energy and capital are for now holding and that boom continues.

The gap between those who have crossed over and hasn't, I think, is going to widen.

And I'm not sure what it takes for that to close.