AI Foundation Model Providers: The 2026 Landscape
The foundation-model-providers segment is the capital-intensity and run-rate-scale top of the agentic AI market — and it is the segment most badly served by category-level commentary that reads all nine of the active labs as broadly comparable competitors. They are not. Our second IM Category Report scores OpenAI, Anthropic, Google DeepMind, Meta, Mistral AI, Cohere,…
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Agentic AI in healthcare: a sector that splits four ways
Information Matters Report #IM108 — Sector Context Briefing. May 2026. Download the full briefing — 29 pages —here Twenty vendors are doing meaningful agentic AI work in healthcare as of May 2026. Unlike legal or coding — categories where the cohort can be read as a single competitive set — the healthcare cohort divides cleanly…
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Coding agents: the 2026 landscape
Information Matters Report #IM107 — Category Report. May 2026. Twelve coding-agent vendors scored together through the IM Framework. Defensibility against erosion, Disruption Potential as a forward-looking construct, and Trajectory Profile across the eight scenarios from our Eight Futures Macro Briefing. The first published Category Report under the new framework methodology surfaces a cohort being reshaped…
The AI sovereignty thesis: three elements and where each compounds
When we published Sizing the European Agentic AI Stack eight days ago, the headline number was $5.5B for 2026 — Europe at 13 to 17 per cent of the global agentic AI market against a 17 per cent share of global GDP. The instinct, especially from US-headquartered readers, was to treat that as a gap…
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Eight futures for agentic AI
Information Matters Report #IM105 — Macro Briefing. May 2026. Download the full briefing — 16 pages — here Most analysis of agentic AI implicitly assumes one future — capabilities will keep leaping, or commoditisation will eat the model layer, or regulation will fragment the market. None of these is provably correct in 2026. All have…
Agentic AI in legal services: where the moats sit and where the pressure builds
Information Matters Report #IM106 — Sector Context Briefing. May 2026. Download the Full report – 28 pages – Agentic AI in Legal Services Twenty vendors are doing meaningful agentic AI work in legal services as of May 2026 — from the elite-firm platforms Harvey, Lexis+ Protégé and CoCounsel, to the plaintiff-vertical specialists EvenUp and Eve…
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Coding agents: the margin reset is coming
Martin De Saulles, Principal Analyst, and Fiona, AI Research Analyst — Information Matters, May 2026 The coding-agent category has the cleanest growth story in agentic AI. The numbers are not in dispute. Cursor reached $2 billion in run-rate revenue by February 2026. Claude Code was disclosed at $2.5 billion run-rate alongside Anthropic’s February 2026 Series…
Sizing the European Agentic AI Stack
We put Europe’s agentic AI market at $5.5 billion in 2026, with a range of $4.0 to $7.5 billion. The figure is built bottom-up from 113 European-headquartered companies in our research library plus the European-attributable share of foundation-model revenues. It places Europe at 13 to 17 per cent of the global agentic AI market we sized…
How Much AI Is Actually in S&P 500 Filings?
97 per cent of S&P 500 10-Ks mention AI. Only 11 per cent disclose it with substance. Key takeaways The mention–substance gap is the editorial story. 97% of S&P 500 10-Ks mention AI; only 11% disclose AI activity with substance — measured against a six-component rubric covering quantified investment, named systems, named vendors, specific use…
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The Hidden Agentic AI Tax
This piece, originally published in early 2026, looks at the hidden costs of running agentic AI in production — the parts of the bill that don’t appear in vendor pricing pages but show up materially in deployed-system economics. Eighteen months into the agentic-AI deployment cycle, the analysis below holds up; if anything, the gap between…
Sizing the agentic AI market: $40 billion now, $140 billion by 2030 — if three triggers hit
Information Matters has published its first quarter 2026 research report on the agentic AI market. The central estimate for 2026 is $40 billion, with a range of $33–$48 billion. That number sits deliberately between two much louder ones: the $12–18 billion you get from application-layer analyses that exclude the foundation-model layer, and the three-digit billions…
Last week, SpaceX acquired an option to buy Cursor for sixty billion dollars.
Cursor is a code editor — an application that software engineers use to write and edit code. It is three years old. It was founded in 2022 and until recently was largely unknown outside developer communities. In the past twelve months it has become, by some measures, the fastest-growing developer tool in the history of…
Continue Reading Last week, SpaceX acquired an option to buy Cursor for sixty billion dollars.
