Anish Acharya

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?

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

Where will all the jobs be?

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.

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 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.

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.

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.

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 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.

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.