Jesse discusses Block's (Square) recent restructuring, noting reports that they are cutting a significant portion of staff (transcript cites "about 40%") because an internal AI tool called "Goose" has "essentially replaced a lot of the coders." This is a concrete proof-of-concept for AI replacing high-cost labor (software engineers) in Fintech. If Block successfully maintains product velocity with significantly lower OPEX, their margins will expand drastically, serving as a catalyst for stock repricing. Long SQ as a play on AI-driven operational efficiency. The "Goose" tool may be overhyped, or the layoffs could signal deeper growth issues rather than just efficiency.