Back In the Game

Cursor is raising at $50 billion this week. Box, run by the most AI-forward CEO in public software, is trading at $3.3 billion on more than a billion in ARR. Both companies sell AI-native software to enterprises. Both run on inference they don't own. Only one of them is being marked to the truth.

Three-person companies are shipping $300K ARR businesses on Replit. Jack Dorsey just cut 4,000 Block roles on the same thesis. One of these is working. The other is a production error we won't see in the numbers for a year.

Seven major AI product launches hit in a single day. An AI model broke into systems faster than any human hacker alive. And the reason you're not 50x more productive is a 4-minute CI pipeline nobody's fixing.