Longer pieces from the partners.

Essays and perspectives from the ellipsis partners. For the monthly note on the portfolio and the fund, read the Dispatch; for recorded talks with slides, the Learning Sessions.

August 2026
The rise of the neolabs: when intelligence is just good enough

Why ellipsis looked at several 2026 AI-lab (neolab) rounds and passed: five forces that commoditize the general-intelligence model layer, and the moats we invest behind instead.

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August 2026
Value moves up the stack: our market view, Q2 2026

The ellipsis market view for Q2 2026: intelligence getting cheaper, value moving from models to agentic systems, harnesses as a temporary moat, and the next frontier beyond software.

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November 2025
Beyond Robotics Complexity: Our Perspective on Robotics Investment Opportunities
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November 2025
On the ground in China: notes from an investor tour of Beijing and Shenzhen

Yariv Adan on a November 2025 investor tour of Beijing and Shenzhen: Shenzhen speed, the robotics supply chain as superpower and possible bubble, China's shift to product innovation, and the VCs.

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August 13, 2025
Beyond the Plateau Narrative: Our Perspective on AI Model Development
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