Factory CEO on why AGI is already here

Factory's $5B valuation rests on betting no single AI model will dominate, unlike vertically-integrated rivals like Cursor and Cognition.

• AI coding inflection: Matan Grinberg says token usage at Factory is up 10x year-over-year since late 2025, sparked by Andrej Karpathy's tweets popularizing coding agents.
• Model-agnostic bet: Factory's core thesis is refusing to lock into one model provider, using a dynamic router that switches models by cost, latency, and performance.

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