On Physical AI & Robotics: Man, the robotics space is absolutely exploding right now. This company called Generalist just raised $400 million at a $2 billion valuation with their GEN-1 model that can actually do physical tasks. It's pretty crazy because we're moving from just software AI to like, robots that can actually do stuff in the real world. The whole "physical AI" thing is becoming its own category now, and investors are going nuts for it. On AI Agents for Business: What's really cool is that AI agents are now becoming the real growth driver for business software. HR startup Factorial just raised $150 million and they're not just selling dashboards anymore—they're building AI agents that can handle workflows, answer employee questions, and automate back-office stuff. It's like the whole business software space realized that dashboards alone aren't enough anymore. You need the AI to actually do the work. On Where the Money's Going: Investors are basically done with thin AI wrappers. They're now backing startups that solve actual painful business problems with real workflow integration. Companies like Ramp, Gecko Robotics, and others with actual hard-to-replace products are getting massive funding. The lesson seems to be: if your product doesn't deeply embed itself into how customers actually work, it's not going to stick around long-term.