State of the Future · Sunday, 8 November 2026
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Thematic investing in frontier tech. A research practice on the world's most important new technologies, for investors and the companies building them.
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A technology, a market, a company or a term
Today
16 changes · 408 entries revised this week| When | Kind | What moved | Open |
|---|---|---|---|
| 6 Nov | Market | Agentic compute siliconInvestors are now paying unicorn-track prices for months-old teams building chips around memory for long context, before any product exists. That says memory is the bottleneck people believe in; it does not yet say who gets paid for it. | |
| 6 Nov | Market | Industrial wireless IoTThree years after its first chip, the new licence-free 5G radio standard has no order with a published unit count, while incumbents ship millions a year in each market it targets. | |
| 5 Nov | New | Organoid safety testingNew thesis | |
| 5 Nov | Market | Organoid safety testingRegulators have cut animal testing requirements, but the biggest animal-testing lab grew its safety business last quarter. The rules moved before the money did. | |
| 5 Nov | Market | Organoid safety testingToxicity testing is already bought as its own line item, so organoids do not have to replace a clinical trial to find a buyer; they have to replace the animal study. | |
| 4 Nov | New | Transcranial focused ultrasoundNew thesis | |
| 4 Nov | Market | Brain-computer interfacesNeurotech funding roughly doubled in 2025, but a few mega-rounds carry it, and 2026 looks flat so far. | |
| 4 Nov | Market | Hardware memory safetyThe people building memory-safe chips say buyers still think a 5% speed cost is too much to pay for removing a whole class of bugs. | |
| 4 Nov | Market | Hardware memory safetyMemory-safe hardware is becoming a standard option on open chips, and European liability rules are what will make buyers pay for it. | |
| 4 Nov | Market | NeuromodulationNon-invasive brain stimulation now has two FDA-approved home devices for depression; focused ultrasound has the money but not yet the trials. |
Start herethree ways in
The beliefs carrying most
- 78AI demand outruns expectations35 theses
- 85Deglobalisation continues31 theses
- 94Power is the binding constraint27 theses
- 92Transistor scaling is over20 theses
- 44Physical AI deploys this decade20 theses