FSD: The Next Phase of the AI

Podcast: Lumida Wealth : Non-Consensus Invest Beyond the Ordinary · Ram Ahluwalia

Opublikowano: 2026-08-28

In this FSD episode, titled The Next Phase of the AI Trade, Ram records on the drive and opens on what he calls the next phase of the AI trade: the application and beneficiary layer. He points to Instinct, a general consumer app that raised $350 million at a $2 billion valuation, and his own note-taking app of choice, Granola, as early signs that value is moving up the stack. The last three years, he argues, were about infrastructure and frontier labs, a chapter that is closing as Anthropic heads public at a $2 trillion valuation with OpenAI to follow, leaving sixty-plus...