AI Markets Crystalize For subset of AI markets, it is suddenly clear who the finalists or winners will be: * LLMs * Code * Legal * Medical Scribing * Customer Service * Search & IR New cos (or incumbents) may still show out of nowhere, but at least v1 of game has crystalized

six way parlay. i want Mistral founders to Apple, Mistral team to Meta. Character remainco to Perplexity. Quora to Perplexity. Ideogram to Figma. Gamma to Notion. read it back

It’s a privilege to welcome Windsurf to Cognition. Here are more details in the note I sent to our Cognition team this morning: Team, As discussed during our all-hands, we are acquiring Windsurf. We have now signed a definitive agreement and we couldn’t be more excited. Here’s a recap and, again, this information is highly confidential until 11am PT, after Windsurf’s all-hands. The Windsurf team deserves to hear this from Jeff and me in the right way, so please keep everything quiet in the interim out of respect for our new colleagues. So, what exactly is the deal? With this acquisition, Cognition will own Windsurf’s beloved product and strong business: -The Windsurf IDE, now with full access to the latest Claude models -Windsurf's IP, including their trademark and the strong brand they have built -$82M of ARR and a fast-growing business, with enterprise ARR doubling quarter-over-quarter -A user base that includes 350+ enterprise customers and hundreds of thousands of daily active users Above all, we are welcoming some of the most impressive people in our industry, including world-class GTM, engineering, and product teams. We’ve long admired the Windsurf team and what they’ve built. One of my top priorities in structuring this deal was to honor their talent, hard work, and accomplishments in making Windsurf the great business it is today. To that end, Jeff and I worked together to ensure that every single employee is treated with respect and well taken care of in this transaction. Specifically: 100% of Windsurf employees will participate financially in this deal 100% of Windsurf employees will have vesting cliffs waived for their work to date 100% of Windsurf employees will receive fully accelerated vesting for their work to date Every new employee of Cognition will be treated the same way as existing employees: with transparency, fairness, and deep respect for their abilities and value. After today, our efforts will be as a united and aligned team. There’s only one boat and we’re all in it together. What this means for Cognition is that we’ll be able to move even faster on our mission of building the future of software engineering. As you all know, we’ve had strong momentum and adoption over the last few months. For many enterprise engineering teams, Devin is already a top contributor. As our customer base continues to grow, it’s clear that combining the rapid adoption of Devin as the leading fully autonomous agent with Windsurf’s IDE product and scaled GTM machine will be a massive unlock. There’s never been a more exciting time to build. Within our lifetime, engineers will go from bricklayers to architects, focusing on the creativity of designing systems rather than the manual labor of putting them together. It’s a privilege to be in this position, and it’s your hard work that has brought us here. There’s much more to do ahead, and the work won’t be easy, but today is a huge win for all of us in the positive-sum game we’re playing. Thank you for being on this journey together. Now let’s get ready to give our new colleagues a warm welcome. Scott

2025 valuations: Nvidia: $4 trillion Intel: $102 billion 2009 valuations: Intel: $90 billion Nvidia: $5 billion

You can either keep waiting for connectors and MCP servers for bringing in context from third party apps; or you can just download and use Comet and let the agent take care of browsing your tabs and pulling relevant info. It’s a much cleaner way to make agents work.

1/ We're on the precipice of the most fundamental computing revolution I've seen in my life. You should have FOMO. Don't waste it in local maxima. The $1M @southpkcommons Founder Fellowship application is open. Here’s what it takes to build at venture-scale in the age of AI:

"Balance" is a long term game, that too many people treat as a short term game

don’t be afraid to get dressed: in my early 20s, I dressed more in the Silicon Valley uniform (company t-shirt, hoodie, jeans) - because a friend told me not to “scare the engineers by reminding them you’re a woman” and because I looked even younger than I was, and felt nervous about being taken seriously after meeting, working with, and befriending some very “serious people,” I dress how I want — and love to help friends and founders glow up their style game own of my very favorite things about the tech ecosystem (and engineers in general) is its attitude of fundamental meritocracy. most people care about the quality and interestingness of your ideas and work rather than where you come from or what you look like. they have internet friends. they read your code and your writing style is self-expression, an equalizer, a remark on the culture you know, an inside joke, and a weapon for self-esteem. I love to “dress for the future I want,” eg techno-utopia. I also dress for the places and moments and communities I love, or love the idea of: the rebellion of the American west, the preppiness of New England boarding school, the crafted lines of French workwear, the femininity of a Mad Men dress, the unabashed fun of Japanese street, the “move 37” t-shirt you don’t need to be wealthy or conventionally attractive to have great style. you just need to have a point of view. great style gives the wearer confidence, the most attractive trait of all. be who you are!

Reminder that if you are fully vaccinated and up to date on boosters, you are allowed to celebrate the Fourth of July. Those vaccinated are even permitted to have a backyard barbecue, so long as the number of guests is five or less. Thank you for your attention to this matter.