The Agent Land Grab
The Race to Turn Subsidized Intelligence Into a Lasting Moat
Jev and the Rise of Decision Models
Building for AI as a user, and not just humans, unlocks the next generation of AI applications
We Finally Got Our Flying Cars, They’re Called Neolabs
Neolabs brought ambitious research back, now investors have to learn how to price it.
The Two Token Economics of AI
Why the same token is a bargain for one buyer and an overpay for another
Inside the Claude Code Leak
The Model Is the Engine. We Still Need to Build the Car
From Stopwatches to Systems of Action
The New Factories of the AI Age
OpenClaw (aka Clawdbot) and the AI Threshold Effect
Magical Demos, Boring Winners, and Where Real Money Goes After the Hype
Our Predictions for 2026
What 2025 Got Wrong and the Bets We’re Making for This Year
The Leonis AI 100
Benchmarking the Most Important AI Startups of 2025
OpenAI: Building the "Everything Platform" in AI
Introducing the first piece in our Leonis Capital company profile series.
MCPs: Value Creation, Capture, and Destruction—Lessons from the API Era
Why Most MCP Startups Will Die (and Who Won’t)
Goldmines or Graveyards? The Divergent Fate of AI Developer Tools
Our latest insight decks on technological and market trends.
Zero or Hero: A Technical Framework for Valuing AI Companies (Part II: AI Applications)
Why Vertical AI Apps Will Survive (But Horizontal Ones Might Collapse to Zero)
Zero or Hero: A Technical Framework for Valuing AI Companies (Part I: Foundation Models)
Why OpenAI Isn't Worth $300B (And Most AI Companies Are Worth Zero)
DeepSeek: A Technical and Strategic Analysis for VCs and Startups
A technical deep-dive into DeepSeek's AI breakthroughs and their implications for startup strategy in 2025.
The State of AI in 2025
2024 Recap and 2025 Predictions: Scale vs. Efficiency at AI’s Crossroads
Beyond LLM Wrappers: Why AI-First Enterprise SaaS Are the Next Big Bet
Our take on how enterprise SaaS will evolve in the AI 2.0 era.
Video Generation at Scale: Breaking Down Sora's Cost and Compute Requirements
SOTA video-generation models decoded.
The State of AI in 2024
Our review of AI progress in 2023 and predictions for 2024.
Leonis Capital Joins Nvidia VC Alliance
AI Agents and the Future of Software
Why we think the next generation of software will be powered by AI agents.
Demystifying the LLM Tech Stack (Part III: The Application Layer)
How to build an application-layer LLM company with a solid tech stack.
Demystifying the LLM Tech Stack (Part II: The Middle Layer)
What LLM developer tools will look like.
Demystifying the LLM Tech Stack (Part I: The Infrastructure Layer)
How LLM models work.
Recent Advancements in Generative AI
An introduction to generative AI.
Two Ways AI Will Fundamentally Reshape Enterprise SaaS
From tech stack to team composition, AI-first companies marks a break from traditional SaaS.
Generative AI: State of the Market, Trends and Startup Opportunities
Our take on the latest industry trends and advice for startups.
AI Automation is the New Industrial Revolution
Our AI investment thesis from 2020.
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