Invest in the world's leading private companies through one AFSL-regulated platform. Get started now.

The State of AI 2026

The Feedback Loop Economy
The State of AI 2026 Cover

The AI opportunity is shifting beyond language models, and the next phase belongs to systems that compound learning from every action they take.

A market map of where AI value accrues in 2026, covering the shift from language scaling to closed-loop intelligence, across physical AI, world models, autonomous science, and self-improving systems.

Fill out the form to access our high-conviction themes for 2026

Access the Report

Submit your details to access the report and read it on Substack.

* indicates required