On February 26, 2026, Jack Dorsey sent a memo to all Block employees. He was cutting 4,000 jobs — 40% of the workforce. Block's stock rose 24% the same day. Goldman Sachs raised its price target. Ford's CEO went on record saying AI will replace half of all white-collar workers.
This was not a singular event. It was the moment when what everyone knew intellectually became undeniable operationally. The wolf is not coming. The wolf is here.
"Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes." — Jack Dorsey
In Norse mythology, Fenrir broke two chains before the gods found Gleipnir — the unbreakable one forged from impossible things. Most companies' AI journeys mirror this: they try the iron chain (off-the-shelf ChatGPT), then the steel chain (simple automations and Copilot). Both break. What they need is Gleipnir — a system forged from the impossible combination of language models, business logic, real-time data, and institutional knowledge.
The companies that understand this now — that the Block moment is not an aberration but a preview — are the ones who will run with the wolf. The ones who don't will be devoured by it.
The question isn't whether your operations can be augmented by autonomous agents. They can. The question is: who builds those agents first — you, or your competitor?