FUTURUM'S FOUR LAYERS OF AGENTIC AI ECONOMY
APPLICATIONS & AGENTS LAYER
• $META scaling consumer agents through Muse & specialized models
• $AXON putting AI on officers cameras with AI ARR now above $100M
• $GOOGL bringing Gemini agents across Search, Android & Workspace
• $MSFT distributing Copilot agents across world's largest enterprise customer base
• $APP using next-gen AI models to price & target ads across gaming & e-commerce
• $SHOP plugging merchants into every major shopping agent as AI-driven orders grow 3x
• $PLTR giving AI agents operating context to act on real enterprise data through its ontology
INFERENCE PLATFORMS & CLOUD LAYER
• $IREN owning land, power & data centers under its AI cloud
• $MSFT $AMZN $GOOGL $ORCL running largest AI clouds in world
• $NBIS building vertically integrated AI cloud with zero Texas exposure
• $CRWV providing specialized GPU cloud capacity for hyperscalers & labs
• $NET running agents on isolates instead of containers as "the first agentic cloud"
• $DOCN offering a simpler cloud for developers as AI agents start choosing infrastructure
COMPUTE, NETWORKING, MEMORY & TIMING LAYER
• $MU $SKHY supplying memory every AI system is short on
• $CBRS delivering speed for inference with wafer-scale chips
• $AVGO supplying Ethernet & custom AI chips for hyperscalers
• $AEHR testing expensive chips before they go into production
• $CRDO adding high-speed links as AI systems spread across more chips
• $NVDA supplying accelerators, networking & software for AI infrastructure
• $SITM keeping every chip, switch & optical link in sync with precision timing
• $ARM collecting royalties on nearly every CPU challenging x86 in data center
• $AMD powering agents with EPYC CPUs & Helios racks alongside Instinct GPUs
• $ALAB connecting accelerators with content per chip roughly doubling each generation
• $MRVL supplying custom AI chips & optical DSPs with its pending $LITE deal adding in-house lasers
POWER, COOLING & PHYSICAL INFRASTRUCTURE LAYER
• $GEV building gas turbines for self-powered campuses
• $CEG $VST pairing data centers directly with nuclear power
• $NVTS bringing GaN power chips into 800V AI data centers
• $FPS supplying electrical gear that every power scenario needs
• $BE generating on-site power for data centers that can't wait for grid
• $VRT cooling & powering racks that get hotter & denser every generation
• $ON converting power efficiently as data centers move to 800V architectures