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Welcome to August 4, 2026

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Elon Musk argues source code is on the verge of becoming like assembly, with AI emitting the binary directly. One founder notes SaaS multiples fell from 18x revenue to 3.4x because the difficulty of building software is trending to zero, leaving distribution as the one asset a model cannot clone.

And a proctoring AI lost to a test-taking AI: 58,000 university applicants must sit their entrance exam again.

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