Tech
Startup Gimlet Labs is solving the AI inference bottleneck in a surprisingly elegant way
Stanford adjunct professor and successfully exited founder Zain Asgar just raised an $80 million Series A for a startup that solve the AI inference bottleneck problem in an astute way. The round was led by Menlo Ventures.
The company, Gimlet Labs, has created what it claims is the first and only “multi-silicon inference cloud” which is software that allows an AI workload to be simultaneously run across diverse types of hardware. It can split an AI app’s work across both traditional CPUs and AI-tuned GPUs, as well as high-memory systems.
“We basically run across whatever different hardware that’s available,” Asgar told TechCrunch.
A single agent may chain together multiple steps, and each “requires different hardware: Inference is compute-bound; decode is memory-bound; and tool calls are network-bound,” writes lead investor, Menlo’s Tim Tully, in a blog post about the funding.
No chip yet does it all, but as new hardware gets rolled out, and aging GPUs get redeployed, “the multi-silicon fleet is ready — it’s just missing the software layer to make it work.” That’s what Tully believes Gimlet Labs offers.
If the current deploy-more-compute trend continues, McKinsey estimates data center spending will tally nearly $7 trillion by 2030. Asgar says that apps are only using the existing hardware already deployed “somewhere between 15 to 30 percent” of the time.
“Another way to think about this: you’re wasting hundreds of billions of dollars because you’re just leaving idle resources,” he said. “Our goal was basically to try to figure out how you can get AI workloads to be 10x more efficient than ever, today.”
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So he and his cofounders, Michelle Nguyen, Omid Azizi, and Natalie Serrino, set about building orchestration software that slices up agentic workloads so that they can be simultaneous spread across all kinds of hardware.
Gimlet Labs claims it reliably speeds AI inference up by 3x to 10x for the same cost and power. Gimlet says it can even slice the underlying model so that it runs across different architectures, using the best chip for each portion of the model.
The company has already partnered with chip makers NVIDIA, AMD, Intel, ARM, Cerebras and d-Matrix.
Gimlet’s product, delivered either as software or through an API to its own Gimlet Cloud, isn’t for the rank-and-file AI app developer. It’s for the largest AI model labs and data centers.
The company publicly launched in October with, it said, eight-figure revenues out of the gate (so at least $10 million). Asgar said that his customer base has more than doubled in the last four months and now includes a major model maker and an extremely large cloud computing company, although he declined to name them.
The cofounders had previously worked together at Pixie, a startup that created an open source observability tool for Kubernetes. Pixie was acquired by New Relic in 2020, just two months after it launched with a $9 million Series A led by Benchmark. (Pixie’s tech is now part of the open source org that oversees Kubernetes.)
After Asgar randomly ran into Tully about a year ago and also received angel investments from Stanford professors, VCs started calling. After launch, a term sheet landed on Asgar’s desk. When VCs heard Asgar was looking at offers, “we got a pretty big swarm of funding,” and the round was quickly oversubscribed, he said.
With the previous seed, the startup has now raised a total of $92 million, including from a slew of angels like Sequoia’s Bill Coughran, Stanford Professor Nick McKeown, former CEO of VMware Raghu Raghuram and Intel CEO Lip-Bu Tan. The company currently employs 30 people.
Other investors include Factory, who led the seed, Eclipse Ventures, Prosperity7 and Triatomic.
Tech
Coders are refusing to work without AI — and that could come back to bite them
In 2026, you cannot pry AI coding tools out of developers’ vise grip, researchers have discovered.
But while AI is undoubtedly helping coders produce code faster, it may not be producing better code, other researchers warn. And that could cause problems down the road for them.
Specifically, in February 2026, respected AI research lab METR published a surprising revelation: Most developers won’t work, even on a limited number of tasks, without AI anymore.
METR had hoped to provide an update to some groundbreaking research published a few months earlier, in 2025, on AI coding productivity. In it, researchers measured how much time open source developers took to do tasks by hand versus with AI.
While developers in that study reported that AI was making them more productive, they were shocked to learn it actually slowed them down. Sure, it generated code faster, but then they spent extra time finding and fixing errors, steering the AI and waiting on it to complete tasks.
When METR set out to repeat the experiment to measure advances in AI and coder proficiency, they couldn’t.
Devs weren’t willing to participate “because they do not wish to work without AI” even just for the study, the researchers confessed.
Instead, METR published a survey in May that allowed technical employees to self-report their AI productivity gains. Not surprisingly, they perceived that AI made them twice as valuable to their organizations.
But recent headlines about the wild expense of so-called tokenmaxxing, coupled with a smattering of recent research, make such self-perceptions dubious.
Tokenmaxxing, or using the number of tokens a person uses as a proxy for productivity with AI, has been the trend of 2026 so far. And it may already be over.
Amazon shut down its internal token-tracking leaderboard called Kirorank after employees were gaming it by using AI agents excessively, and running up costs, the Financial Times reported this week. The employees proved that AI use does not automatically translate to increased productivity.
Uber blew through its 2026 AI budget within the first four months of the year, The Information reported. COO Andrew Macdonald recently said on a podcast that such spending hadn’t led to a measurable increase in projects or productivity.
AI-generated code also doesn’t necessarily reduce ongoing code maintenance needs and may even increase it, programmer and author James Shore elegantly argued in a blog post that went viral on Hacker News.
“You write code twice as quick now? Better hope you’ve halved your maintenance costs,” he wrote. “Otherwise, you’re screwed. You’re trading a temporary speed boost for permanent indenture.”
There’s other evidence that AI can increase code maintenance woes.
A viral tweet from Aiswarya Sankar, founder and CEO of reliability engineering agent startup Entelligence AI, proclaims that companies are spending 44% of their tokens on bug fixes that their AI generated. Meanwhile, code-reviewing tool company CodeRabbit says it analyzed open source pull requests and found that AI produced 1.7x more problems than human code.
Those are, admittedly, self-serving stats from those trying to sell AI code reviewing tools.
Yet independent researchers have also found such issues. Researchers from the respected Singapore Management University published a report in April warning that “AI-generated code can introduce long-term maintenance costs into real software projects.”
Given that programmers love their AI assistants, what’s the solution?
Well, those who want to sell you AI coding agents say devs can just use AI coding agents to do the bone-wearying tasks of fixing code as fast as AI spits it out. That’s what Cognition founder and CEO Scott Wu —the maker of AI coding agent Devin — suggests.
But even he admits that, while Devin can work independently, he’d currently rate its skill between a junior and mid-level programmer, depending on the task. This is not a hand-it-off and forget it solution.
The SMU researchers suggest a more human approach. Programmers should know what tasks AI does and doesn’t do well as deeply as they know their favorite coding languages. They need strong quality assurance systems designed for AI and they are stuck with carefully reviewing the AI’s work as if it were a junior dev.
Meanwhile, the researchers say (and Wu agrees), humans should still be doing the big-picture work like software architecture and security design.
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Tech
SpaceX awarded $6.45B in Space Force contracts ahead of IPO
SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration.
On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air defense system that President Trump is calling the “Golden Dome.”
The announcement follows a separate contract the Space Force awarded to Elon Musk’s company earlier this week worth $2.29 billion. That contract involves SpaceX building a communications network in low Earth orbit.
The contracts reinforce a disclosure that was detailed in SpaceX’s IPO filing made public last week: The company is heavily dependent on government contracts. One-fifth of SpaceX’s revenue in 2025 came from government agencies.
Musk poured around $300 million into helping elect Trump and has remained close with the president. But SpaceX has also dominated the launch market over the last decade; it’s not surprising the federal government keeps turning toward SpaceX for contracts like these. Still, the company warned investors in its IPO filing that its “business with governmental entities is subject to changes in policies, priorities, regulations, mandates, and
funding levels.”
Tech
I went to the so-called ‘steroid Olympics,’ to understand why Silicon Valley is obsessed with peptides
I am sitting in the sweltering Nevada heat watching a man struggle to lift a bar over his head. If the man manages to do it, he will win $250,000.
The man is Boady Santavy — a two-time Olympic weight-lifting contestant from Canada — and he has muscles that look culled from the Marvel Cinematic Universe: massive, cartoonish arms that might as well belong to a superhero rather than a real human.
Santavy is attempting to beat the world record for the men’s snatch — a lift of 183 kilograms, or approximately 403 pounds. After a tortured few seconds, Santavy drops the bar — an official “no lift” — and, with a look of animated dismay on his face, hobbles away, visibly cursing.
Santavy is one of a small horde of 42 athletic contestants — weight lifters, swimmers, and track runners — that have gathered in Las Vegas over Memorial Day weekend to compete in the Enhanced Games, a unique (and, by now, quite notorious) athletic competition in which almost all of the participating athletes are on performance enhancing drugs.
Broadly derided by critics as the “steroid Olympics,” the games have taken the deeply unprecedented step of juicing many of their athletes to the gills — anabolics, testosterone, peptides, human growth hormones, and more are all in circulation. All of that chemical enhancement has taken place under the watchful eye of a team of medical professionals. Indeed, the competitors — a hodgepodge of athletes from different ages, skill levels, and backgrounds — spent 12 weeks in the United Arab Emirates at an elite compound, where they trained for the weekend’s event while working closely with doctors who tailored their “protocols” — or drug cocktails — to their individual needs.

The athletes are also being paid “appearance fees” just to participate in the contest and, like Santavy, any competitor who happens to break a world record or place first during their competitive feats will be gifted extra cash — up to $1 million in the case of the 100 meter sprint and 50 meter freestyle.
In other words: Enhanced has taken the rulebook for professional athletic competition and aggressively spiraled it out the window.
Why am I, a technology journalist, covering this event?
Odd as it might seem for a place associated with weak-limbed nerds, Silicon Valley is largely to blame for Enhanced. Indeed, the bizarre spectacle is the work of a former startup that was founded by veterans of crypto, AI, and biotech firms, and that has been backed by the likes of mega-investor Peter Thiel and former Coinbase executive Balaji Srinivasan. The event is also at the forefront of a growing industry that Silicon Valley has embraced with open arms — that of human enhancement, in which injectable drugs and ingestible supplements serve as a source of both physical empowerment and good business.
Traditional athletic health organizations, of course, hate it. The World Anti-Doping Agency — the regulatory body for the Olympics — has called the Enhanced Games “dangerous,” and Travis Tygart, the CEO of the U.S. Anti-Doping Agency, describes it as a “clown show that puts profit over people.”
Steroids have long been viewed warily by the international health community, and even federally approved consumer drugs have stirred some concern among health professionals.
However, Enhanced’s organizers argue that they are actually the good guys — that they are trying to fix a persistent bug in organized sports that has existed since forever. That bug is that a whole lot of athletes are already doping — they’re just doing it secretly. The secrecy increases risk, as there may be limited medical oversight of how the athletes are using them. Conversely, in the Enhanced version of sport, athletes self-admittedly do the drugs under the careful supervision of a team of medical professionals.
If Enhanced were merely trying to improve sports safety, that would be one thing. But the truth is that it isn’t just an athletic competition — it’s also a business. The games are the work of Enhanced Group, Inc., a newly public company that enjoyed an IPO earlier this month at a $1.2 billion valuation. Enhanced sells personalized health treatments, including peptides, GLP-1s for weight loss, testosterone injections, and other physically “enhancing” drugs. The company also recently partnered with an AI company, Rezolve Ai, to launch a digital telehealth platform.
Enhanced wants to take what it’s done in Vegas and transform it into a global business: a distribution network for consumers looking to bulk up and make themselves more youthful. The drugs that Enhanced sells have been cleared by the FDA, but there is some concern that by normalizing steroid use, the company could have a trickle-down effect on the wider culture, leading some consumers (notably young ones) to seek less regulated, more dangerous compounds that could end up having disastrous results. This concern hangs over Enhanced’s athletic competition, which has largely been read as a big advertisement for its own business — as well as the peptide industry itself.
One nation, under peptides
I am one of some 200 journalists from around the world who touch down in Vegas two days prior to the games. Enhanced, which provides us with a dedicated workspace, regular meals, and press time with athletes and Enhanced executives, is exceedingly nice to us but one can’t escape the nagging suspicion that it’s because we are an integral part of their business plan. As the skeptical oglers of this Barnum & Bailey-esque curiosity, our job is to report back to the masses, who will then know of its existence. In other words, we are free marketing for Enhanced’s business.
That business is part of an industry that is due for a gold-rush-like boom later this year, should a certain deregulatory deliverance occur.
In February, U.S. Health Secretary Robert F. Kennedy Jr. went on The Joe Rogan Experience and said he was a “big fan” of peptides. Kennedy (who, himself, can look enhanced at times) also implied that he planned to encourage the FDA to make some peptides more accessible to the public. Kennedy appears to have made good on that promise because, in July, the FDA will convene a pharmaceutical advisory committee that considers whether restrictions on certain previously banned peptides will be loosened.

Since then, the peptide industry has stood at a bizarre crossroads, in which some startups are reportedly conjuring products based on chemicals that currently reside in a legal “gray” zone, in the hopes of being first-to-market if and when the government eases up on them. Others are sticking to only FDA-approved products. A hot spot of this frenzy has been Silicon Valley, where techies are both using and investing in peptides with mutually aggressive gusto. Companies like Superpower, an AI longevity startup that sells FDA-approved peptides, and Noho Labs, a peptide startup backed by Elad Gil, have risen in prominence, while elite clubs like the AGI House have begun hosting peptide injecting “parties” — as personal use among the valley’s elite booms.
But peptides aren’t just gaining steam in the Bay Area; they’re also seeing a groundswell of use throughout the country, as fitness culture sees an aggressive upswing. Recent reports show that teens and twenty-somethings are turning to peptides to “looksmax” — the trendy new term that denotes any extreme effort to beautify one’s self — while the gym is increasingly seen as one of the key hubs of cultural life for young people. This country-wide push for self-improvement has been fueled by a social media landscape that champions the superficial. The progenitor of “looksmaxxing,” the 20-year-old online influencer “Clavicular,” has been a prominent, not to mention controversial, figure in the popularization of peptides. Yet he is only one in a sea of online voices, including podcasters like Joe Rogan and Andrew Huberman, who have recently promoted or platformed the topic.
This is all about “health,” right?
Peptide producers — including the executives at Enhanced — have sworn that their primary concern is consumer “health.” At the same time, they don’t seem to mind admitting that they’re also interested in money.
Maximilian Martin, the 29-year-old CEO and co-founder of Enhanced, is a calm defender of his company’s unconventional practices. Martin, who previously founded a bitcoin mining company and is always impeccably dressed in a suit and has an affable salesman’s smile, meets with journalists for a press conference on Saturday, where he answers questions with an even-keeled good nature, speaking soberly about how his company plans to monetize the creation of a new generation of chemically-altered mutants.
Appropriately, X-Men comes up.
“People have been using performance enhancements for a long time. If you look at, for example, Hollywood, and you look at Marvel superheroes, they’re all enhanced,” Martin offers. “Like Hugh Jackman doesn’t look like he looks at his age because he has such a clean diet and sleeps eight hours a night, right? So that market is already there. The peptide market in the U.S. today is already 85 million people. Most of that market is served by unsupervised, unregulated substances that people are taking. What we’re doing is we’re entering that market with a pathway for people to get to those benefits that they’re looking for in a safe and medically supervised way.”
Christian Angermayer, Enhanced’s billionaire co-founder and executive chairman, is more succinct. “I’m a capitalist,” he tells journalists bluntly. He doesn’t see a disconnect between profits and health. “There is no reason why something that is good should not also be a business.”

Let the games begin
May 24th, the actual day of the games, is a sweltering blur of events — all of which take place inside a miraculous $50 million open-air stadium that has been constructed in a matter of weeks for the express purpose of hosting the games. The complex houses a track, swimming pools, and an expansive pavilion for the weightlifters. Surrounding risers are filled with an audience that cheers enthusiastically despite the hot sun.
Yet while the scene may superficially call to mind the Olympics, the vibe is much less a serious sporting event than it is an uncomfortable cocktail of America’s Got Talent, WWE, and Gladiator. Beautiful influencers fill the stands in youthful, colorful herds, and an announcer narrates the day’s events with a sonorous boom that makes it feel vaguely like we’re all sitting court side at WrestleMania. Later in the evening, The Killers — a staple of Vegas entertainment culture — will play a brief concert to close out the games.
The athletes, meanwhile, stalk the grounds like mythical titans, their bulking, unreal muscles glistening in the sunlight.
Martin is seen throughout the day, walking to and fro in his impeccable suit. This suit becomes progressively more wet throughout the evening, as he keeps rushing down to the pool to hug the swimmers who win their races. Angermayer glides about the event with a breezy energy, a tranquil smile affixed to his face. He drops by the press tent briefly to glad-hand.
Other staples of the tech industry — like Bryan Johnson, the mega-wealthy biohacker who plans to live forever — are also involved. Despite no known professional athletic achievements, Johnson spends the night commentating on the spectacle in a Charles-Barkley-esque, retired athlete kind of way. Later he and his girlfriend (whose vagina Johnson regularly tweets about) are seen walking past the media tent; Johnson is dressed in a bizarre outfit that makes him look a little bit like the Sleepytime Bear from Celestial Seasonings.

The actual competitions are thrilling enough — and, in general, there seem to be a couple categories of athletes that have come to compete.
There are people like James Magnussen, a retired swimmer from Australia who has won Olympic medals in the past and sees the games as an opportunity to get back in on the action. Magnussen, an image of whose massive body spread virally throughout the web earlier this year, has spoken supportively of the peptide industry, and once said that the combination of peptides and testosterone made him feel like he was “18 again.” He will fail to break any records, however, and places last in two races.
Then there are people like Hafthor “Thor” Bjornsson — a massive Nordic body builder and competitive weight-lifter who has self-admittedly done a lot of steroids in the past and sees this competition as an opportunity to do them under closer, safer supervision.
Bjornsson is recognizable to many because he starred in Game of Thrones as Ser Gregor Clegane, the brutal knight who does the dirty work of the Lannister family and whose go-to fight move is to crush his opponents’ skulls with his bare hands. (On press day, a female journalist asks Bjornsson if he will crush her skull, and he politely obliges with a pantomimed head combustion.) During the games, Bjornsson thrillingly attempts a world record deadlift of 1,135.4 pounds, but ultimately fails to muster the strength.

Finally, there are a few competitors like American swimmer Hunter Armstrong, who are abstaining from any supplemental intake altogether. Why is Armstrong even competing? It’s pretty simple: the money, Armstrong tells journalists. That’s the answer that a lot of athletes have given for their participation, in fact. Armstrong has Olympic ambitions and wants to keep himself in the running by not tainting his record. He also has a personal aversion to doping.
“The Olympic movement is something that is very important to me,” Armstrong tells the journalists. “Outside of personal reasons, if I were to go into some kind of protocol I would lose that opportunity.”
Armstrong is one of several competitors who will win their races (in the swimmer’s case, the 50-meter backstroke) despite not being “enhanced.”
The day’s events unfold at a steady pace and, despite organizers’ promise of a titanic extravaganza of unlocked human potential, the event, while entertaining, largely pales in comparison to the Olympics or even, say, a really thrilling football game. The whole thing ends on a weirdly convenient high-point: the competition’s last race of the night — the men’s 50-meter swimming freestyle — culminates with Enhanced’s first and only world-record. Kristian Gkolomeev, a hulking colossus from Greece (he is six feet, eight inches tall), cuts across the pool at a breakneck 20.81 seconds, besting the previous record by 0.07 seconds. The entire crowd erupts in cheers and the venue’s lights blare red in a gameshow-style spasm of celebration. The other swimmers pump their fists in the air victoriously, and Martin again rushes the field in his suit, intent on hugging the dripping Gkolomeev.

The future is enhanced?
The critics of the Enhanced Games say it isn’t really about health, it’s about money. Yet it’s difficult to escape the sense that the games are also about something else, which is vanity — both that of America and the event’s organizers. America has always been the country where fitness culture extends beyond health into the realm of self-aggrandizement, and the Enhanced Games — a showy pageant embodying that principle — fits right in with the next big era of American self-regard. After all, the location of the event — the nation’s hedonism-fueled “Sin City” — hardly screams “health.” Las Vegas is the locale of spectacle and consumption — of barely-remembered nights in which revelers live for the moment, not the long-term. The organizers could have set the games in the symbolically purifying environs of the Swiss countryside or Joshua Tree, but instead they chose to set it in a place where people commonly risk their futures over a game of cards for a fleeting chance at glory.
Similarly, injecting yourself with drugs to make your muscles big doesn’t necessarily seem to be about long-term wellness as much as it’s about looking good in the moment — tomorrow’s potential health consequences be damned.
The glory for the event’s organizers, meanwhile, resides in their ability to usher in a new industry, commemorating it — as they have — with an extravagant ritual that, in their own words, heralds future “scientific breakthroughs” and “human advancement” (not to mention revenue). The gamble for them is on whether this industry does or does not blossom in the coming months, but like the consumers of their supplements, they appear to be living in the moment.
One place where limited glory is felt is the press corps towards the end of Enhanced’s three-day extravaganza. Around midnight, when the games are finally over and the crowd is dispersing, our hot and tired cohort retreats blearily to the media center — a florescent-lit workroom in the nearby Resorts World hotel. As I’m readying to leave, I make a pitstop to the bathroom and, after some necessary relief, turn a corner and run smack into Martin. He appears to be in a brand new suit (or perhaps the one he’s been wearing has simply dried), and he is admiring it in the bathroom mirror. He is undoubtedly preparing for the late-night press conference that’s scheduled to occur soon.
Having not actually spoken to him yet, I am at a bit of a conversational loss. What sort of patter can two men who are essentially strangers offer one another in a public bathroom late at night? How can I sum up the last 72 hours? “Congratulations,” my tired brain lands on, as I head for the door.
“Thank you,” he says, nodding briefly, then turns back to the mirror.
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