AI APPLICATIONS HAVE TWO GROWTH CURVES

Summary from the TLDR Founders newsletter

The companies winning the fast AI markets right now are not on the only growth curve available. Treating their trajectory as the benchmark for all AI is going to lead to a lot of misallocated capital. For the most valuable problems, the next phase of AI won't look like Cursor's growth chart. Slow growth is required to build companies that competitors can't easily copy in a quarter when the funding cycle turns.