Chart of the Day: Codex adoption has broadened from engineering into nearly every function across OpenAI. Is this a predictor for the rest of the enterprise world?

Intelligence is becoming a utility you pay for monthly. Gas, water, electricity, broadband: each one reshaped the economy once it became something anyone could plug into and intelligence is next. Philippe Laffont (@plaffont) joined CNBC's Squawk Box to explain why even a small lift to global growth compounds into something far bigger over time. x.com/SquawkCNBC/status/2069…

Cursor's keynote -> how they are training their new model with SpaceX.

Chart of the Day - In Collaboration with @OutcastVC: Innovation waves get credited to new technology. The real trigger is when great talent becomes available to build. The Talent Mobility Index tracks how freely top tech talent can move in a given year, blending hiring, job change, and AI funding data into a single score. The AI labs concentrated the best builders in the world and created extraordinary success. Now, as that success matures, some of those builders are stepping out to start what's next. Source: Data collaboration with Outcast Ventures and Coatue.

Chart of the Day: Is the baton passing? AI Labs are projected to generate the most net new ARR in Q2.

Chart of the Day: New business formation is inflecting! GenAI might be the catalyst.

The power law paradox.

Tokens are the fastest-growing cost in business. Most finance systems weren't built to see them, let alone govern them. @tryramp is building the infrastructure to change that. Proud to be a returning investor. The third pillar of business finance is here.