Yesterday, a16z led a $250 million Series C funding round for Exa Labs, valuing the company at $2.2 billion. This year, AI agents will search the web more frequently than humans. Exa is building search infrastructure for AI agents—not humans. This is where smart money is betting on the future of AI infrastructure. AI-related funding rounds now account for 45-55% of all monthly cryptocurrency VC funding in 2026. In the first quarter alone, $239 billion flowed into global AI—representing 81% of total venture capital funding. The convergence of cryptocurrency and AI is bridging the chasm towards sustainable revenue. Bittensor: $43 million in revenue from AI clients in the first quarter. Render Network: $38 million in monthly node fee runs. The industry, with over 250 active projects and a market capitalization exceeding $20 billion, is growing rapidly. The trend of computing as a commodity is unfolding faster than expected. Decentralized GPU networks are becoming a significant market for AI computing—just as oil has NYMEX, AI computing is gaining its own price discovery layer on-chain. For those already overweight in companies like NVDA and MSFT, the question isn't whether AI will grow. It's whether you're overexposed to mega-cap companies while underexposed to the programmable infrastructure layer that enables AI to act as agents for actual trading. Different risks. Different upside potential. It's worth noting that Exa's 400,000+ developer base is building AI-native search. The revenue trajectories of Render and Bittensor serve as proxy indicators of the demand for decentralized computing. In the coming years, searches from LLM will be 1000 times more than Google searches are today. The world is redesigning how it accesses information.