The big picture: Gusto is leveraging AI for 50% of its code generation and customer support, fundamentally altering its M&A strategy by increasing internal development velocity.

Why it matters: This shift signals a broader trend where AI-driven efficiencies are compressing product roadmaps, making acquisitions less attractive for rapid feature development.

Between the lines:

• AI now generates 50% of Gusto's new code, significantly accelerating its software development lifecycle.
• AI also handles 50% of Gusto's customer support cases, providing scalable solutions.
• The