If AI Models Become Commodities, What Happens to the Economics?
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Mark Zuckerberg has frequently described Meta’s Llama AI models as open source. Technically, that description remains contested. The Open Source Initiative (OSI) defines open-source AI as providing the ability to use, study, modify, and share the system, supported by access to the information and code needed to understand and modify…Read More

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Navigating Uncertainty in 2025 and Positioning for What’s Ahead
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Dear Partners, Clients, and Friends of FLG,  As 2025 comes to a close, I’ve spent time reflecting on the year—both as my first year serving as Managing Partner of FLG and as a period of meaningful change across the broader business landscape. It was a year defined by listening, sharpening priorities, and strengthening our firm…Read More

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Will Capital Markets Reopen in 2025?
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A lot can change in a day or, in this instance, in 90 days. The economic landscape of 2025 has quickly shifted from one of optimism about interest rates and business expansion to one of uncertainty. With mixed signals from the Fed on rate cuts and tariffs, US and global…Read More

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