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AI & Enterprise

What happens as software development costs move toward zero?

Mike Vernal, an investor and engineer at Conviction, likened the future of the software industry to changes in the newspaper business after the internet. He said newspapers split between top global brands and individual operators as distribution costs fell. Vernal said AI could push software the same way by driving development costs toward zero and weakening moats such as high build costs, switching costs and network effects. He argued scale, brand and rapid reinvestment would matter more.

AI & Enterprise

OpenAI launches new Codex tools targeting office work

OpenAI is adding six job-specific plugins and new features to Codex as it steps up efforts to target enterprise customers. The update aims to expand Codex use beyond developers to a broader range of office work. OpenAI also released an internal report showing Codex weekly active users have topped 5,000,000, rising more than sixfold since the desktop app launch in February. The company said knowledge workers account for about 20 percent of users and are growing faster.

Technology

European startups that once chose the U.S. now skip Silicon Valley

European tech startups are increasingly staying in Europe rather than moving to Silicon Valley, as AI adoption, improved access to capital and the ecosystem effects of success stories such as Spotify and Klarna reshape the market. Swedish startups cite customer wins and higher valuations, while investors and executives describe a broader structural shift. Late-stage funding remains a challenge, but AI is seen as helping firms scale faster with less capital. Talent flows and competing views on Silicon Valley persist.