> But writing a genuinely good harness with lots of context engineering and solid tool integration is in fact not that easy.

true, but its not worth $60 billion fucking quid.

It's not like someone paid $60 billion for a product the way you pay for bananas at the store. They invested a much smaller amount and essentially bought an option to acquire. And even if you don't believe the company's assets are worth the current valuation, an acquisition can still make sense if you believe that valuation will go up further. And if they actually do acquire, it will probably still not be in cash. They'll just be swapping stocks. That is essentially how all startup funding works. There is nothing strange about this. It merely reached new dimensions thanks to AI.

it's insanity.

the whole thing is driven by irrational stock market investers who NEED ai to be the thing that saves the world.

they're betting everything on it.

I mean they doubled revenue from $1B/yr to $2B in a month.

At some point it can be valued as a high growth business, the code that backs it is almost irrelevant if the business is strong.