Can we identify valuable problems faster than everyone else? That's going to be the question for everyone going forward. AI radically changes the structure of companies and the nature of software work. Instead of large organizations building a few products with specialized teams, future firms continuously spawn thousands of micro-products solving niche problems. In this world, traditional developers become less valuable than “renaissance builders” who combine product instinct, engineering, distribution, design, and market understanding. AI collapses the cost of experimentation and implementation so aggressively that the bottleneck shifts from coding to problem discovery, taste, distribution, and strategic integration.

Cisco $CSCO shares rose over 13.6% after hours after reporting $15.3 billion in revenue (up 10%). The standout was Networking revenue, up 21%, indicating that the hardware layer of the AI revolution is finally reaching the enterprise networking level.

$CBRS Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an IPO Cerebras had a net loss of $66.6 million in the first six months of 2024 on $136.4 million in sales, according to the filing. It had a net loss of $77.8 million and $8.7 million in sales for the first six months of 2023

Traditional software engineering optimized for creation velocity. AI-native engineering now requires understanding velocity. This is not “technical debt.” It is: comprehension debt You will have post-build operational comprehension issue.

I rarely eat out. Maybe once a month. Went yesterday to a restaurant (Italian, Mediterranean) in West Seattle for Mother’s Day last night. Total for 5 of us ( we don’t drink alcohol) with one salad, humus and 3 vegetarian pastas was $97 The check said 3.5% surcharge for credit card. Then 17% service fee, mandatory. Then tips were 20% 22% and 25% optional. I asked if I could pay in cash. No. They don’t take cash. Then how can I avoid the credit card fee I asked. You can’t. So I asked why the service charge. It pays for the employees they said. Then why the tip I asked. It pays for front office staff I don’t get it.

$CBRS I wrote a deep dive on the Cerebras IPO Love you get your opinion It is a $510M revenue company asking for a $23B valuation. @OpenAI is their biggest customer (Among others) but customer concentration is real.