Cursor vs GitLab

SpaceX's AI business beats expectations with $4.4B profit

SpaceX reported Q3 2026 revenue of $14.6 billion, with net income of $4.4 billion, driven by its AI-focused 'Super Intelligence' segment. This segment, which includes the Grok bot, the acquired Cursor coding tool, and neocloud services (1.7 GW compute), contributed $7.5 billion in revenue and $431 million in profit, excluding $1.2 billion in one-time stock-based compensation. AI now accounts for 52% of company income. The company continues heavy investment in data centers (Colossus II) and Starship, with capex of $19.6 billion in Q3 and plans for $35-40 billion in Q4. Starlink subscribers grew to 13.6 million. CEO Elon Musk projects annual recurring revenue of $500 billion to $1 trillion by end of 2027.

• SpaceX reported Q3 2026 revenue of $14.6 billion and net income of $4.4 billion, a turnaround from a $1 billion loss a year earlier.
• The 'Super Intelligence' business line generated $7.5 billion in Q3 revenue, including $431 million in profit (excluding $1.2 billion in one-time stock-based compensation from the Cursor acquisition).
• AI now accounts for 52% of SpaceX's income.

Clay's Kareem Amin Discusses Rise of GTM Engineer

Clay co-founder and CEO Kareem Amin will speak at TechCrunch Disrupt 2026 about the emergence of the 'GTM engineer' role. This new discipline uses AI, data, and automation to build repeatable revenue systems, replacing manual go-to-market processes. Clay coined the role in 2023 and reports about 100 GTM engineering job listings each month. The company has seen rapid growth, with ARR tripling to $100 million in a year, a $115 million Series D round at a $7.1 billion valuation, and a $1 million scholarship fund to train GTM engineers. Amin's session will explore how AI is transforming go-to-market strategies and what this means for company growth.

• Clay coined the GTM engineer role in 2023.
• Approximately 100 GTM engineering job listings appear each month.
• Clay tripled annual recurring revenue to $100 million in a year.

Advanced Evals Guide: Finding Hidden AI Failures

This article is a comprehensive guide on advanced evaluation (evals) practices for AI products, authored by Hamel Husain and Shreya Shankar. It emphasizes the importance of error discovery before writing metrics, contrasting it with product discovery. The authors outline a three-step process for effective error discovery using coding agents like Codex or Claude, highlighting the pitfalls of automation bias and criteria drift. They introduce an open-source 'evals skills' plugin that assists in trace review and clustering. The article cites real-world examples from companies like Shopify, Cursor, Ramp, and Harvey, demonstrating how evals have led to significant product improvements. The piece also discusses synthetic data generation and the importance of human-in-the-loop annotation, recommending a target of 100 traces for meaningful analysis.

• Shopify used evals to build an AI workflow builder that was 2.2x faster and 68% cheaper than the frontier-model system it replaced.
• Cursor developed its Auto Balance routing performance with evals, reducing costs by 41%.
• Ramp increased its automatic receipt collection product's accuracy from 35% to 83% after investing in evals.

8-K Financial Filing Analysis for GitLab (2026-09-01)

On August 28, 2026, GitLab Inc. announced that Simon Mundy, Chief Accounting Officer and Principal Accounting Officer, decided to resign effective September 16, 2026, to pursue another professional opportunity. The departure was not due to any disagreement regarding financial reporting, accounting policies, or internal controls. In response, GitLab's Board of Directors appointed Chief Financial Officer Jessica Ross to take on the additional responsibilities of Principal Accounting Officer, effective September 16, 2026, with no changes to her compensation. Concurrently, GitLab furnished its Q2 fiscal 2027 earnings release for the period ended July 31, 2026, via Item 2.02 and Exhibit 99.1.

• Chief Accounting Officer Simon Mundy notified GitLab of his resignation on August 28, 2026, effective September 16, 2026, without disputes over accounting practices or internal controls.
• GitLab Board appointed CFO Jessica Ross to assume the role of Principal Accounting Officer effective September 16, 2026, with no additional compensation.
• The filing furnished Item 2.02 quarterly financial results for the fiscal quarter ended July 31, 2026, via Exhibit 99.1 on September 1, 2026.

DeepSeek-Reasonix: How a poisoned config can hijack an AI coding agent

GitLab's Threat Research Group found a flaw, ConfigPoisoning, that runs attacker code when a developer views a file's diff in DeepSeek-Reasonix.

10-Q Financial Filing Analysis for GitLab (2026-09-02)

For the second quarter ended July 31, 2026, GitLab reported total revenue of $286.3 million, representing a 21% year-over-year growth from $235.96 million in Q2 2025. This expansion was driven by subscription growth (self-managed and SaaS), which rose 21% to $258.3 million, and an increase in enterprise customers generating over $100,000 in ARR to 1,571 (up 17% YoY). Dollar-Based Net Retention Rate remained healthy at 117%. Despite top-line gains, GAAP operating loss broadened to $56.9 million from $18.4 million in the prior-year period, primarily impacted by higher third-party cloud hosting costs, stock-based compensation of $75.0 million, and $23.3 million in restructuring and related charges under the company's 2027 Plan, which affected roughly 14% of its global workforce. Net loss attributable to GitLab was $36.8 million, or $(0.22) per basic and diluted share.

• Q2 2026 revenue increased 21% year-over-year to $286.3 million, with six-month revenue reaching $550.4 million (up 22% YoY).
• Enterprise customers with ARR exceeding $100,000 grew 17% year-over-year to 1,571, while the Dollar-Based Net Retention Rate was 117%.
• GitLab initiated the 2027 Plan restructuring affecting approximately 14% of its workforce, incurring $23.3 million in total restructuring charges in the quarter, with total expected charges of $30 million to $35 million.