Sources with Alex Heath

Alex Davis plans to put $10 billion into roughly 10 companies.
His firm, Disruptive, has maintained a low profile out of Texas while backing Reflection AI, ElevenLabs, Groq, Shield AI, Databricks, and Helsing. Its earlier investments include Palantir, Airbnb, and Spotify.
I sit down with Davis in Dallas for his first-ever podcast interview to understand how he picks the companies worth a billion-dollar check. He focuses on companies he thinks are already winning, even as their valuations climb.
We discuss why he doubled down on Palantir before it went public, what he’s building at Groq after its $20 billion licensing deal with Nvidia, and the opportunities he sees in open AI models, compute, and defense technology.
I also ask where the AI boom goes wrong, from speculative data centers to investment vehicles promising access to private companies.
Thanks to the show’s premiere sponsors: Atlassian, Granola, and Mercury.

Why did Amazon block Meta's Muse but Shopify welcomed it?
I sit down with Shopify co-founder and CEO Tobi Lütke in Toronto to discuss why the companies are taking different approaches to agents and how shopping changes when AI starts buying things on your behalf. Lütke explains the early AI shopping behavior he’s seeing.
We also get into why he thinks AI makes starting a business easier, the backlash against the technology, and why everyone will eventually have to embrace it to get ahead in their careers.
We get into how AI agents will make money, who pays when they handle a purchase, and why advertising gets complicated when your assistant is supposed to work for you. We discuss his experience on Meta’s board and working with Mark Zuckerberg.
Lütke also shares why he turned his wine cellar into a GPU server rack and how he uses his personal AI agent that runs entirely from his house.
This episode's presenting sponsor is Hyperagent - https://www.hyperagent.com/?utm_campaign=sources
Thanks to the show’s premiere sponsors: Atlassian, Granola, and Mercury.

Even Google can’t get enough compute. I sit down with Google and Alphabet CEO Sundar Pichai shortly after the wider release of Gemini 4 Argon to discuss its early reception, where he still wants the model to improve, and what it takes to keep Google at the frontier of AI.
Pichai explains the recent leadership shakeup at Google DeepMind and why building frontier models has become an “all-consuming” job. We also get into Google’s answer to the personal agent race, how he predicts Gemini will do more work on your behalf, and whether agents will finally bring Search, Gmail, and Gemini together.
I ask him about Google turning free cash flow negative, the risks in the AI infrastructure buildout, and how he plans for demand years before knowing what the models will be capable of. He explains the signals giving him confidence to keep spending and how he uses AI agents to follow model development and compute usage inside Google.
We also discuss Project Suncatcher, Google’s new effort to put AI data centers in space, and why he thinks it belongs alongside bets like Waymo. He shares what’s next for Waymo and Wing, and when he expects quantum computing to become a real business.
This episode's presenting sponsor is Hyperagent - https://www.hyperagent.com/
Thanks to the show’s premiere sponsors: Atlassian, Granola, and Mercury.

Robinhood wants to put an AI hedge fund in your pocket.
CEO Vlad Tenev tells me how Robinhood Agents brings AI trading into the app, and why he expects agents to generate a growing share of individual investors’ trading activity.
We discuss how much control to give an AI that can trade your money, why Robinhood keeps agents in separate accounts, and where investors will find an edge when everyone has access to powerful models.
He also explains his push for every Robinhood employee to have agents working while they sleep. Tenev argues that the AI backlash is partly an ownership problem: most people can’t invest in the companies driving it. We get into Robinhood’s push to open private markets to everyday investors, the coming AI IPOs, and his response to criticism of tokenized stocks. We also discuss prediction markets and why he objects to AI labs keeping their most powerful tools to themselves.
Thanks to the show’s premier sponsors: Atlassian, Granola, and Mercury.

AI could give people a reason to buy a new phone again.
Qualcomm CEO Cristiano Amon tells me why he expects a smartphone supercycle as AI agents start using our apps and acting on our behalf. His company makes the chips behind Android phones, Meta’s smart glasses, and coming devices from AI companies like OpenAI, giving it a stake in several competing visions for the next big AI device.
We discuss why he thinks phones aren’t going away, how agents will use our personal context, and why he expects smart glasses to become the biggest category of AI wearables. We also cover differences in consumer AI adoption between China and the US, Qualcomm’s acquisition of Modular to offer developers an alternative to Nvidia’s software, and what 6G could change about the devices we use.
This conversation was recorded live at Qualcomm’s recent Snapdragon Summit in Hawaii
Thanks to the show’s premiere sponsors: Atlassian, Granola, and Mercury.