Not Boring - Packy McCormick's deep narrative newsletter on ambitious startups, tech strategy, and markets. A single-author Substack publication (with an occasional paid guest-essay section), not a panel.
Lab AI revenue went parabolic on token-maxxing waste, and the spell is breaking; consumption revenue is at risk
Routing work to cheap Chinese open source models displaces premium US model spend as cost discipline returns
If agents are the wrong architecture for enterprise work, the vendor that bet the company on Agentforce reprices down.
Tesla self-driving and FSD adoption is the de-facto standard buyers can't live without
EHang's air-taxi economics stay weak with a tiny fleet, high ground ops, and vertiport overhead
Archer is flight-testing daily and building Stellantis-backed capacity for 650 units a year by 2030
Li-ion density crossing the aviation viability line opens a high-ASP cell market that pure-play AMPX captures.
OFAC/FCC actions force US drone makers to dual-source domestic, lifting US neo-magnet suppliers MP and Vulcan
BYD's vertical battery supply chain makes it the world EV leader, a compounding component edge.
T-Motor sanctions force US drone makers to a domestic motor source; UMAC is the listed pure-play that fills the gap.
Westmag becomes the winning American motor and actuator maker for drones and robots by scaling first.
No calls extracted yet — pending review.
If the ocean gets industrialized like space did, the public company selling the survey-grade sonar that makes cheap robots useful should win.
Deep-sea metals are essential to EVs/AI and the rules are loosening, so the one company forcing a mining license could be hugely valuable.
Old crewed-ship ocean and defense giants are too wedded to expensive human-on-boat methods and will get disrupted by cheap autonomous robots.
