Reports
Information Matters publishes quarterly market reports on the agentic AI sector, plus thematic deep-dives where the question warrants more length than a post can carry. All reports are built on our methodology — primary sources, foundation-model attribution rates explained in full, scope reconciled against published consensus.
Agentic AI in Legal Services – May 2026 (#IM106)
Our first Sector Context Briefing. Twenty legal-AI vendors profiled qualitatively through the IM Framework — elite-firm platforms (Harvey, Lexis+ Protégé, CoCounsel), plaintiff-vertical specialists (EvenUp, Eve Legal), the AI-native firm (Lawhive), and the middle-tier Word-native cohort (Spellbook, Definely, DraftWise). Two analytical threads: the moat geography of the cohort, and the middle-tier consolidation pressure triggered by Microsoft’s 30 April 2026 Word legal agent. Trajectory commentary against the Eight Futures scenarios from #IM105.
Published May 2026. Free to download.
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Coding agents: the margin reset is coming – May 2026 (#IM104)
Our analyst take on the coding-agent category in 2026. We argue the category has the cleanest growth story in agentic AI but the question that determines whether the equity is worth what it is currently priced at — gross margin — has not been answered by any of the major vendors. The trigger we expect is an Anysphere (Cursor) S-1 in Q3 2026, the only major coding-agent vendor whose business is plausibly close to a public-equity event in 2026 and whose product is monolithically a coding agent without bundled cloud, training or platform revenue obscuring the unit economics. We expect the disclosed margin to land at 50–60 per cent on a properly-loaded calculation, materially below the 75–85 per cent SaaS comparator the equity is currently being priced against. The category survives the reset, but bifurcates: specialists with vertical or workflow defensibility (Cognition, Sourcegraph, Lovable, Tabnine in its self-hosted segment, the QA tier) operate independently into 2028; the autocomplete and generic-agent middle is repriced or absorbed. Built on the IM library’s 83-company coding-stack subset and the Q1-2026 report’s primary-source inference economics.
Published May 2026. Free to download
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Sizing the European Agentic AI Stack – May 2026 (#IM103)
Our first thematic deep-dive on the European agentic AI stack. We size the European market at $5.5 billion in 2026 (range $4.0–$7.5 billion), built bottom-up from 113 European-headquartered companies plus the European-attributable share of foundation-model revenues. Europe sits at 13 to 17 per cent of the $40 billion global agentic AI market, a smaller share of the world than its share of GDP — the analytical pivot of the report. Covers the regulatory architecture (the August 2026 EU AI Act high-risk-system rollout), an eight-company commercial watch list (Mistral, Aleph Alpha, Helsing at €12 billion, Parloa, ElevenLabs, Veriff, Lawhive, Tines), digital sovereignty and the US infrastructure dependency, and the multinational decision sequence we treat as a 2027 execution question. Reconciled against McKinsey, the EIB, Atomico, and the OECD.
Published May 2026. Free to download
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AI in Filings — Q1 2026 (#IM102)
The first issue of our quarterly tracker of AI disclosure in S&P 500 SEC filings. We score every 10-K against a six-component substance rubric — quantified investment, named systems, named external vendors, specific use cases, real risk language, material 8-K events. The headline finding: 97 per cent of S&P 500 10-Ks mention AI; only 11 per cent disclose it with substance. Five companies score the maximum on the rubric: NVIDIA, AMD, Meta, ServiceNow, and Cognizant. The vendor-disclosure pattern is sparser than the public narrative would predict — only 30 of 503 listings name a specific external AI vendor. Methodology and dataset disclosed in full.
Published May 2026. Free to download.
[Download PDF] [Read the launch essay]
Q1-2026 Agentic AI Market Report
The first edition of our quarterly market sizing. We size the global agentic AI market at $40 billion in 2026 (range $33–48 billion), with a four-scenario forecast through 2030 — central case $140 billion, bear $88 billion, bull $215 billion. Includes segment-level analysis of coding agents, customer-operations agents, evaluation and observability tooling, voice infrastructure, and vertical AI in legal, health and finance, the rolling Twelve to Watch cohort, and a reconciliation table against the major external sizings — McKinsey, BCG, Capgemini, IDC.
Published April 2026. Free to download.
[Download PDF] [Read the launch essay]
Coming next
Q2-2026 quarterly report — kickoff Thursday 2 July, expected publication early July.
AI in Filings Q2 — Q2 cycle, expected mid-August.
Paid tier
Reports published before our paid tier opens are free to download. The paid tier — full quarterly reports, advanced library access, named-analyst inquiry time — opens later in 2026. Subscribe to The Agentic AI Dispatches to be notified when the paid tier opens.
