This week on the GeekWire Podcast, a week of Seattle-area startup news shows how the AI era is reshaping the regional tech scene. Q1 venture numbers reveal bigger checks going to fewer companies, with Seattle slipping behind the likes of Austin and Miami on deal volume.

And yet the distributed nature of modern startups is complicating what it even means to be a regional tech hub. (Does a mailbox in Pioneer Square really count as a Seattle headquarters?)

Founders and CEOs are navigating the shakeout in different ways. Those with enough cash in the bank are eyeing strategic acquisitions, including opportunities to absorb startups caught up in the AI shakeout.

Meanwhile, many startup leaders are completely rethinking how they hire and expand. More than a third of the GeekWire 200, our ranking of the top Pacific Northwest startups, saw year-over-year employment declines, as agents boost individual productivity and start to reshape the workforce.

Plus: Andy Jassy's shareholder letter signals Amazon is making bets again, in areas including chips and robotics. Driving home the point, the tech giant's ambitious Globalstar acquisition effectively means it's inheriting Apple's satellite roadmap.

And of course we have to talk about Allbirds. The sustainable shoe brand, which once challenged Amazon over knock-off sneakers, pivoted to AI infrastructure and saw its stock soar.

In our final segment, a trivia challenge on the No. 1 companies in GeekWire 200 history.