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354 Compute Costs? No, Caviar and Cocktails: In the Bay Area, AI Splurges on Private Parties

The Information
Eli Rosenberg @ The Information · 03/21/2026 09:47 EDT

Compute Costs? No, Caviar and Cocktails: In the Bay Area, AI Splurges on Private Parties

Around the time last fall that Vercel tripled its valuation to $9 billion, the startup decided to throw a swank dinner party. It was a chance for Malte Ubl, the company’s chief technology officer, to talk shop and discuss the fast-changing landscape with a dozen so other Silicon Valley executives—and an opportunity for Vercel, a 10-year-old company that sells a platform for developing AI apps and websites, to show off.

For a venue, planners chose a place that hadn’t even opened yet: Wolfsbane, a sleek rest

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