Block

“We have internal tools that are similar to Claude Code, but they're, like, more plugged into our infrastructure, so we have a tool called BuilderBot. BuilderBot is just autonomously Merging PRs, and actually, like, building features to a hundred percent. We've…”

“I mean, we're like, we're not writing code by hand anymore. That's over. That's done.”

“I don't think that if we ask customers to like, prompt these tools themselves, they're gonna necessarily know the right prompts and come up with the right answers, so we've invested massively on the proactive intelligence side, where what we've found, especial…”

“The biggest moat is going to be which companies understand something that's super hard for other people to understand. And if your answer to that is, I don't know, then you maybe could get vibe coded away.”

“We've massively reduced the number of meetings we have, probably, like, 70 or 80%, so I now have time to, like, build and work, and it's not back-to-back meetings.”

“And right now, you basically, you've taken that, humans used to do that, and it used to take a couple months to build a feature. Now it takes maybe a week or two, and there's still humans involved.”

“We basically did not touch our compliance team and our compliance technology team.”

“We have an agentic operating system, internal only, called G-two, where anyone can automate any deterministic workflow.”

“For the past 10 or 15 years, everyone's used to a static UI, a rigid UI, you tap through the UI, everyone has the same, everyone's Uber or Lyft or Cash App or whatever looks the same. That's gonna fundamentally change in the next, like, six months. Generative,…”

“Okay, we're building MoneyBot, and we want to roll MoneyBot out to 50%, and there used to be a team of 15 people working on it, and now there's a team of four people, plus 2000 dollars on the tokens. That, this is like unlimited access to tokens, and you can u…”

“I remember in 20, 21, when Our stock price was like, I don't know, 260 bucks, and I was like, that was a little bit irrational.”

“We did a reduction in force that was, you know, slightly greater than 40%. And that wasn't even you know, to the conversation we were just having, the tools were flowing through really meaningfully on the development side. And so the cuts were way larger on th…”

“And recently Block executed a roughly 40% reduction in force. And they've been pretty candid about AI being a critical component of that decision.”

“I like to say like any of us can create a peer to peer app in probably a week. No one's going to vibe code, you know, 50 or sixty million monthly actives who are actually using that.”

“And what we were seeing is that one or two engineers who was on the tools Is able to be 10, 20, a hundred X more productive.”

“We actually launched Goose, which was the first agent harness, at least that I know of in early twenty-twenty-four”

“All of our designers are shipping PRs. All of our product managers are shipping PRs.”