The Code Age: Rise of Autonomy
Overview
Over the past few years, we have witnessed significant developments in AI, with the rate of change continuing to accelerate. We are now well and truly in The Code Age, and agentic systems are reshaping how businesses operate.
Key Themes
Rapid AI Adoption: Organisations that embed AI across their operations have outperformed their peers on speed and efficiency. Businesses that embrace these technologies can deploy new features or pivot their strategies in a fraction of the time once required.
Proprietary Data & Security: We expect a surge in services centred on secure data sharing and the creation of private data vaults. Entities that own unique data sets can differentiate themselves from commodity AI tools.
Agentic Systems: The transition from passive software to “systems of agents” introduces ongoing, autonomous functionality that can dramatically reduce labour costs and create new opportunities. In practical terms, a small or mid-sized business can manage processes once requiring large teams—ranging from compliance and accounting to dynamic customer support and marketing.
Robots - The Embodiment of AI: As AI-driven intelligence migrates from purely software-based applications into physical form, robotics and other autonomous machines we believe this year we will start to see the benefits from physical systems that can learn, adapt, and operate in dynamic real-world settings.
The Human Experience: While AI may handle a growing share of knowledge work, customers accept AI for lower value interactions but will likely gravitate towards brands and services that emphasise trust, empathy, and creativity. Human relationship managers can significantly boost client retention and deliver a premium experience.
Our Focus
No Brand remains excited to back mission-driven leaders who embrace breakthrough technologies, online platforms, and network effects. We are particularly interested in adaptive businesses or those that apply new forms of AI, software, and data-driven intelligence to create enduring value.
Further reading
If you’d like to explore these themes in more detail, check out:
AI eats the world - Benedict Evans
Building effective agents - Anthropic
Deep Dive into LLMs like ChatGPT - Andrej Karpathy
Nvidia CEO Jensen Huang Keynote at CES 2025 - Jensen Huang
2025 request for startups - YCombinator