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- ⏰ Crypto Has Two Years Left
⏰ Crypto Has Two Years Left
PLUS: $1B valuations, no customers, Figma chooses Anthropic
Reading time: 5 minutes
🗞️In this edition
Crypto Has Two Years to Make AI Real
AI Startups Hit $1B Valuations Without Customers
Figma Partnered With Anthropic to Survive AI
In other AI news –
Jensen Huang Meant It When He Said Stop Coding
Dalio Called AI a Bubble. Then Bet $253M on It.
Wall Street Started Running From AI This Week
4 must-try AI tools
Three industries made moves this week that looked like survival, not strategy.
Crypto got two years to prove AI isn't just talk. Startups raised half a billion before shipping. A design tool partnered with the AI that might make design optional.
None of them were celebrating. They were all racing to stay relevant in a future that's already being built without them.
Source: Bein Crypto
What's happening:
Investors said this at crypto's biggest conference last week. They've moved on. No more funding for AI projects. The hype cycle is dead.
Meanwhile, major exchanges have been running AI systems for months. Customer support. Fraud detection. Compliance. Not pilots. Production. The race crypto thought was starting already finished. They just didn't know they were competing.
Why this is important:
The two-year deadline isn't about catching up. It's about survival. Exchanges either automate now or lose to competitors who already did. But here's what matters beyond crypto: this exact pattern is happening in your industry right now.
The gap between "we need an AI strategy" and "our competitor already deployed it" collapsed to zero. The companies winning aren't the ones with the best roadmap. They're the ones who shipped six months ago and didn't announce it. That's not a crypto lesson. That's the new reality everywhere.
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Source: Mezha
What's happening:
Seventeen companies crossed $100 million in six weeks. One hit $1.7 billion four months after founding. Another pulled $480 million before launching anything.
The race everyone thought was starting already finished. It wasn't about building the best product. It was about locking infrastructure before anyone else could compete.
Why this is important:
AI startups don't prove concepts anymore — they prove inevitability. Raise $500 million while your competitor raises $50 million and you don't need better technology. You just need to own distribution before the models catch up.
Capital used to follow proof. Now it builds the moat before proof even matters.
Comments from the editor:
The system inverted and most people are still playing by the old rules.
Winning isn't about shipping the smartest product anymore. It's about raising enough to survive until product quality becomes irrelevant. This exact dynamic is playing out in your industry right now — the gap between planning and being too late collapsed to zero.
Anyone still building to prove it works already lost to someone who raised enough to own it first.
Source: CNBC
What's happening:
The new feature is called Code to Canvas. AI builds the interface. Figma imports it. Teams refine it. Figma's betting AI coding made design more important.
But here's what they're not saying: they just gave teams the tool to skip Figma entirely. If AI keeps getting better, the refinement step becomes optional. Figma's stock dropped 85%. They're racing to stay essential in a workflow that already moved past them.
Why this is important:
Design used to happen first. AI reversed the entire sequence.
Now code comes first, design comes after, if it comes at all. Figma's betting they stay valuable as the step between AI output and final product. The companies surviving this transition aren't adding features. They're rethinking what they're for.
The real question isn't whether Figma can integrate with AI. It's whether teams still need what Figma does once AI gets good enough to ship without refinement.
Jensen Huang Meant It When He Said Stop Coding – When the CEO who builds AI tells his own engineers to stop coding, that's not advice. That's a preview.
Dalio Called AI a Bubble. Then Bet $253M on It. – The people warning about bubbles are the same ones making the biggest bets. Watch what they do, not what they say.
Wall Street Started Running From AI This Week – Software stocks lost 30% in days. Markets finally figured out AI doesn't just help companies. It eliminates them.
TimeToTok - An AI-powered tool that provides insights and suggestions to help TikTok creators grow their accounts
Verbalate - A video translation and lip sync software designed to help businesses reach a global audience
SlangThesaurus - Allows you to effortlessly turn basic text into trendy internet slang, with customizable slang levels from 1 to 5
ChefGPT - An AI-powered recipe recommendation tool that suggests recipes based on the ingredients and tools you have
This week didn't show where AI is going. It showed who's betting on what survives.
Crypto chose infrastructure over hype. Investors chose position over product. Figma chose integration over independence. Three different answers to the same question: what matters when the technology actually works?
The companies winning aren't the ones adapting fastest. They're the ones who figured out the game changed before everyone else noticed.
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