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Private equity firms are spending weekends rebuilding acquisition targets in Claude Code. If the clone works, the deal dies. It's the cheapest moat test in human history.This week James and Daniel dig into:• Why token pricing today looks exactly like mobile data pricing 15 years ago• Sam Altman rethinking OS design and the OpenAI phone rumors• GPT Image generating LEGO sets with real BrickLink part IDs• SpaceX acquiring Cursor for up to $60 billion• China blocking Meta's Manus acquisition. Is this the balkanization of AI talent?• Anthropic paying $400K/year for an events role• Chinese micro-dramas: this year's ad platform growth driverPlus: Evan Spiegel called software dead 15 years ago, Sean Frank asks why you still aren't building, and AI agents negotiating your BNPL rates in real time.Thank you to our sponsors:

• AdQuick — adquick.com

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• beehiiv — ⁠beehiiv.comSTAY CONNECTEDJames on Twitter & LinkedIn – /jamesborowDaniel on LinkedIn, Instagram, TikTok – /danieldrugerSubscribe & leave a ⭐⭐⭐⭐⭐ review on Spotify & Apple Podcasts.