A hyped startup providing zero added value, burning investor money only to repackage somebody else's work? That's new... /s

Incompetently repackaging. They started with VSCode so nearly all the work was already done, but still managed to make it leak memory like it's infinite. The power of AI slop! Their product is an anti-advertisement for the core concept of itself, which is kind of impressive.

It depends on what you consider value. People are using it so they find some value.