CrowdStrike logo on digital cybersecurity backdrop, highlighting CRWD AI endpoint security. Key Points Fortinet’s bullish analyst upgrade lifted the cybersecurity sector and may signal a valuation floor for CRWD stock. Despite AI-related concerns such as “vibe coding,” CrowdStrike’s strong ARR growth suggests that demand for cybersecurity remains durable. With shares near key support ahead of earnings, CRWD stock could be approaching an inflection point for investors. Interested in CrowdStrike? Here a ...

Core Viewpoint - The acquisition of an AI company positions Wix to leverage artificial intelligence in its offerings, making its currently undervalued stock an attractive investment opportunity [1][2]. Company Overview - Wix is a leading software-as-a-service (SaaS) provider for website building, having started in the mid-2000s and becoming the largest in its sector due to effective marketing strategies [3]. - The company has introduced Wix Studio in 2023, targeting agencies and freelancers, which has led to a 24% year-over-year growth in its partners segment [4]. AI Integration and Growth Strategy - Wix is advancing into vibe coding, utilizing AI to generate code from natural-language prompts, and has acquired Base44 to enhance its capabilities in this area [5]. - The active user base for Wix's vibe coding applications grew more than sevenfold to 2 million within a few months of the acquisition [5]. Financial Metrics - Wix's current market capitalization stands at $4.9 billion, with a gross margin of 68.45% [7]. - The stock is trading at 13 times forward earnings expectations, indicating it is undervalued compared to its potential growth [9]. Market Position and Future Prospects - Despite challenges from AI competitors like Claude Code, Wix has a strong track record of gaining market share through effective marketing and customer retention [8]. - The company is well-positioned to capitalize on the expanding app development market driven by advancements in vibe coding [8].

Laughing Water Capital, an investment management company, released its fourth-quarter 2025 investor letter. In the quarter, Laughing Water Capital returned ~6.8%, bringing the full-year returns to ~3.9% net of fees and expenses. In comparison, the SP500TR and R2000 returned approximately 2.7% and 2.2%, respectively, in the quarter, and finished the year up by 17.9% and 12.8%, respectively. A copy of the letter can be downloaded here. The Fund outperformed the indexes last year, but it has lagged behind the ...

Core Insights - The AI economy is stabilizing, with clear differentiation between model, application, and infrastructure layers, leading to a more mature path for building AI-native companies [32][20][17] - Anthropic has surpassed OpenAI as the most preferred API among YC founders, with a usage rate exceeding 52% in the latest Winter26 batch, marking a significant shift in the competitive landscape [7][5][6] - The emergence of various models, including Gemini, is reshaping preferences, with Gemini gaining traction and accounting for approximately 23% of usage in the Winter26 batch [8][10] Group 1: AI Model Preferences - Anthropic's rapid growth is attributed to its performance in coding tools and the emergence of vibe coding, which has created significant value [7][6] - The competitive landscape is shifting from model capabilities to productization, as models become commoditized and computational power becomes cheaper [7][8] - Founders are increasingly using multiple models for specific tasks, indicating a trend towards model orchestration in AI applications [15][16] Group 2: AI Bubble Discussion - Concerns about an AI bubble are likened to the telecom bubble of the 1990s, where excess infrastructure investment ultimately led to the emergence of successful applications like YouTube [17][18] - The current phase is seen as an installation stage, with heavy capital investment in infrastructure, which will eventually lead to a deployment phase where applications flourish [20][21] - The competitive dynamics among AI labs and model companies are expected to benefit startups entering the application layer, similar to the opportunities seen during the internet boom [19][18] Group 3: Trends in AI Startups - There is a growing interest in establishing smaller models and niche applications, reminiscent of the early days of SaaS startups [26][27] - The ability to fine-tune models for specific domains, such as healthcare, is becoming more prevalent, with some startups outperforming larger models like OpenAI in specific benchmarks [28][29] - The expectation is that as more models become available, there will be an increase in AI applications tailored for various tasks, driven by advancements in open-source models and reinforcement learning [28][27] Group 4: Workforce and Efficiency - AI has improved efficiency for startups, but the expectation for higher performance has led to continued hiring rather than a reduction in workforce [36][35] - The trend indicates that while AI can enhance productivity, the demand for skilled personnel remains high to meet growing customer expectations [39][36] - The narrative around AI's impact on employment is evolving, with some believing it will lead to fewer employees needed, while others argue it will necessitate more hiring to maintain service quality [39][36]

The product of the year is quad 35 or 37. Without this, we have no vibe coding. Without this, we have no lovable, no replet, no cursor that really works, no gamma, none of these products, many of which existed for years, did not work until they worked with Claude 35 at the end of last year, but they didn't real this year.And four changed our lives. And you may use the outputs, you may use agent force, you may use cursor, which is still 90% powered by enthropy. You may use gamma or replet or again lovable.Th ...

编辑｜杜伟 2025 年还有 10 天就要结束，这意味着是时候进行一波年终总结了。 对于人工智能领域而言，2025 年是大语言模型（LLM）快速演进、重磅事件密集出现的一年。 就在昨天，知名 AI 学者 Karpathy 列出了一份清单，记录了他个人认为最重要、也多少有些出乎意料的「范式转变」。 这些真正改变了行业格局、并在概念层面让 Karpathy 印象深刻的变化会落在哪些领域呢？我们接下来一一来看（以第一人称）。 可验证奖励强化学习（RLVR） 2025 年初，几乎所有实验室的 LLM 生产训练流程都像下面这样： 这套流程稳定、可靠，曾长期被视为「工业级 LLM」的标准做法。 预训练（类似 2020 年的 GPT-2/3）； 监督微调（SFT，类似 2022 年的 InstructGPT） 基于人类反馈的强化学习（RLHF，约 2022 年） 但在 2025 年，一种新的阶段浮出水面，并迅速成为事实上的标配： 可验证奖励强化学习（Reinforcement Learning from Verifiable Rewards，RLVR） 。 RLVR 的核心做法是，让模型在可自动验证的环境中接受强化学习训练 ...

Core Insights - Kilo Code, a startup co-founded by former GitLab CEO Sid Sijbrandij, has raised $8 million in seed funding to develop AI tools for software engineers, aiming to enhance coding efficiency [2][5]. Funding and Leadership - Kilo Code secured $8 million in seed funding from investors including Breakers, Cota Capital, General Catalyst, Quiet Capital, and Tokyo Black [2]. - Sijbrandij, who previously led GitLab, is now focused on Kilo Code while managing his health, contributing early capital and maintaining close communication with the team [2][6]. Market Trends - The technology sector is increasingly focused on "vibe coding," where large language models assist in software development, with significant adoption noted at companies like Microsoft [3][4]. - Kilo Code's software integrates with popular coding applications, processing over 3 trillion tokens in the past month, indicating strong usage and demand [7]. User Adoption and Feedback - Kilo Code has gained traction among developers, with 80% of Plug&Pay's developers utilizing the tool, significantly reducing the time required for complex coding tasks [8][9]. - Users appreciate Kilo Code's support for both premium and affordable models, as well as its open-source contributions [8]. Strategic Positioning - GitLab is monitoring Kilo Code's developments, having expressed interest in the startup's offerings, and has secured a right of first refusal for potential acquisition [9][10]. - Kilo Code plans to expand its offerings to cater to less technical users, aiming to create an app builder similar to popular platforms like Lovable and Bolt [11].

One of the biggest names in AI coding or vibe coding. Dear Dbosa has more in tech check. It's they're like open AI these days.Dear I turn around they're making another splashy move. The stocks up. Yep.And Replet. Speaking of vibe coding, it is the $3 billion darling in the space. It lets non-software engineers like hobbyists or marketing employees or your elementary grade kid simply tell AI what it wants and the AI builds the final app or product for you.Now it differs from some of the other players in the ...

Google out with another new announcement as the AI coding space heats up. Deer DBosa breaking the news here exclusively for today's tech check. Dearra, >> hey, morning Sarah.So, Google is topping VI code startup Replet in a multi-year partnership. It means that Replet will lean further into Google Cloud and Google stays Replet's primary cloud provider. Now, for Google, this is all about giving Gemini 3 a front door into how people are actually building software in the AI age.For Replet, this is about going ...

Google out with another new announcement as the AI coding space heats up. Deer DBosa breaking the news here exclusively for today's tech check. Dearra, >> hey, morning Sarah.So, Google is topping VI code startup Replet in a multi-year partnership. It means that Replet will lean further into Google Cloud and Google stays Replet's primary cloud provider. Now, for Google, this is all about giving Gemini 3 a front door into how people are actually building software in the AI age.For Replet, this is about going ...