Anish Acharya

Ideogram is often used by graphic designers.

It is intentionally not opinionated from an aesthetic perspective.

If you're somebody who's working as a creative at a big company, sometimes you're doing graphic design and sometimes you're just doing beautiful photography for print ads.

You want to actually have access to both.

And to do that, you use an apps company.

Yeah, I think the thing that we are underappreciating is that we assume efficiency is increasing, but ambition and number of customers is staying fixed.

And I think this is one of the incorrect assumptions that keeps getting made around AI.

It's like, well, what are all the people going to do?

Where will all the jobs be?

You know, it's like our ability to be ambitious for wanting more things always grows so much faster than our means.

And in the same way, if you look at software, the desire and demand for software, both to make it and to consume it, is dramatically more than the supply that we have today.

And I think there is a developer and developer adjacent archetype for whom Cursor is going to be perfect.

Codex as an app, Codex as a CLI, Cloud Code, like all of these products are going to find market fit and all grow.

And if you look at any of the other markets like creative tools, they're going to specialize in Fragment in their own direction.

I don't think it looks like Uber and Lyft.

I think Uber and Lyft are, to my mind, the most extreme examples of pure substitutes, and a lot of the price has been competed away.

You look at cloud, you have this oligopoly where they all actually have pretty reasonable margins.

And you can squint and say, of course they have their specializations, but they're roughly substitutes and yet they've all done well.

The foundation model companies look a little bit like that.

And I think in the apps layer, you're just going to have people that want to consume the code they generate through a rich IDE and those that want to be closer to the metal.