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VC playbook for 2026: Why vertical operators win the next wave?

Dmitry SmirnovbyDmitry Smirnov
January 2, 2026
3 minute read
AI Is a Commodity. Operators Are the Opportunity A VC Look at 2026
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As we move toward 2026, predicting winners in AI has become extraordinarily difficult. The market has consolidated around a small group of dominant players. OpenAI, Anthropic, Google, Meta, Mistral, xAI, AWS, Microsoft Azure, NVIDIA, and ByteDance no...

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