Good post on how to think about FDEs. The key is that FDEs are real and not going away for AI any time soon. The reason this is happening now at a scale that has never been seen before is because AI is fundamentally about adding a non-deterministic, rapidly changing system to workflows that largely have never been automated before. This looks very little like implementing traditional software. “If you're building an AI agent for accounting in 2026, there is no established workflow, because…