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