Part 2/13:
The conversation begins with observations about the skyrocketing valuations of AI-assisted coding tools. Companies providing Integrated Development Environments (IDEs) like VS Code, coupled with chatbots and AI assistants, are fetching billions of dollars in valuations—some reaching $3 billion to $9 billion for specific startups like Cursor. These numbers seem staggering, especially considering that foundational models like OpenAI’s GPT were initially open-sourced, with little immediate expectation of commercial value.