FM News
Signal, not noise. Links and discussions that help you ship.

Your engineering moat is shrinking as domain experts gain training tools
This funding signals a shift where your competitive advantage moves from engineering pipelines to the quality of expert feedback. Founders should evaluate if their product's moat relies on custom code or on the proprietary domain expertise powering the training.

Building AI for Lawyers - Jacob Lauritzen, CTO of Legora
Evals without traces, million-cell tabular reviews, and cracks in the billable hour as a business model

Building Legal Agents When You Can't See the Data - Jacob Lauritzen, CTO of Legora
Legora can’t read a single trace of what its agent does for a lawyer. The data belongs to the law firm’s clients. How do you build and test an agent when you can’t see its work? Jacob Lauritzen is the CTO of Legora, one of the fastest-growing companies...

The Emerging AI 50 in NYC
We teamed up with Accenture and Tech:NYC to study the state of AI enterprises in New York City, and highlight the “NYC Emerging AI 50,” a list of the city’s most promising AI startups.

Developers are downgrading their AI on purpose — and it’s working
Anthropic added game-cloning limits to Claude Code, but developers say Opus 5.5 is now refusing reverse-engineering and software work it once handled.

OpenAI is finally merging ChatGPT’s chat and Work tabs
OpenAI said that ChatGPT and Codex will draw usage from the same allocation pool after this change.

How Figma’s PMs actually use AI every day | Ezra Mechaber (PM, Figma)
Listen now | 🎙️ Figma growth PM Ezra Mechaber demos PM OS, a 31-skill repo used by 60+ PMs, and AutoXP, an agent that runs growth experiments with one human checkpoint

More Money, Fewer Checks: These 3 Charts Show The Divide Behind VC’s Record Funding Year
Record venture funding in 2026 has been increasingly concentrated in massive AI rounds, while seed- and early-stage deal counts are on the decline. Using Crunchbase data we provide a look at how third-quarter funding continued the year's dollars-up-but-deals-down trend.
Executive Interview: Merlinic.ai
Philip Edmundson, Founder, Executive Chair of Merlinic.ai, tells CB Insights how they view the market, customer needs, and their company. How do you define your market and where does your company fit into that space? Merlinic is a data intelligence …

CEO Interview: Longreach
Steve Strassmann, Chief Executive Officer (CEO) of Longreach, tells CB Insights how they view the market, customer needs, and their company. How do you define your market and where does your company fit into that space? There’s an old line …