Was talking to a friend Agreed on the path of AI/robotics investing that stacks into 3 buckets a) Picks & shovels (low‑risk, cash today) - Something like scarce compute (depin, GPUs, ASICs) - Data‑center energy or synthetic‑data engines and labelling that every model needs b) Model/agent infra (medium risk) - Middleware: vector DBs, orchestration layers, some sort of framework - Clear monetisation path, but the narrative here changes very fast c) Apps (long tail projects) - Your AI companions, chatbots, personal assistants - Those with regulatory moats (health, legal, sales) - Converges with robotics/embodied agents once there are cheap sensors in the market