AI Agents are a real transformation in software monetization. Traditionally, software was largely capped at ~$10-50 or so per month per seat for any particular software. There’s outlier vertical software, but it generally always had roughly this ceiling. AI Agents on the other hand are essentially uncapped because there’s no real upper bound of what someone would do with an AI Agent in a workflow. We’re already seeing this in software coding agents where some people are paying in the thousands per month. And this is entirely reasonable: if a user is 2X-3X more productive with AI coding agents, a company wouldn’t blink at spending 10% on the equivalent in salary on agents. But this is also starting to happen across general areas of knowledge work, like legal analysis, reviewing medical reports, processing loan documents, and more. We should expect this dynamic in every category of work. Now, as model improvements happen, the like-for-like pricing will come down. But then, as AI Agents can execute more complex tasks, and you run more and more agents in parallel in a workflow, enterprises will just deploy more of these agents. Wild times ahead.