Topics: AI | Automation | Product | Startups | Venture Capital
Mercor co-founder and CEO Brendan Foody argues that AI is collapsing software moats, with token spend already overtaking headcount and hiring researchers now costing millions.
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Foody says application-layer defensibility is weak because models are improving fast and "the model is the product".
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He explains why Mercor is moving into full-stack services, AI project management, and evals that measure real workflows.
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He argues enterprise spend will shift to compute, while specialised AI researchers and frontier talent become brutally expensive.
"Right now, we're spending more on tokens for our internal agents than we are on employee headcount." - Brendan Foody