Bridgit Mendler, Aravind Srinivas, Ted Feldmann, Karol Hausman & Lachy Groom, Sam Lessin, Kevin Systrom Says Meta Denied Instagram Resources

The tech industry is undergoing a significant shift as AI, robotics, and space infrastructure redefine market dynamics. Kevin Systrom’s recent testimony highlights Meta’s historical "buy or bury" antitrust strategy, while Perplexity is challenging search incumbents through new OEM partnerships and native mobile integration. In robotics, Physical Intelligence is advancing generalization with its Py05 model, enabling robots to perform complex tasks in novel environments without task-specific training. Simultaneously, Northwood Space is addressing critical vulnerabilities in space communications by building a scalable ground network for the industrialized space economy. Venture capital is also evolving, moving away from the "factory model" of predictable unicorn growth toward a fragmented landscape where late-stage private markets and public markets operate with distinct valuation logics, favoring companies that demonstrate genuine economic utility over speculative growth.