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Raad's memo to his OpenCode team warned of AI turbocharging three classic problems: shipping features that aren't worth shipping, embedding hacky workarounds, and neglecting cleanup.
OpenCode's growth exploded from 650k monthly active users in December 2025 to 2.5 million in January 2026 and was around 6.5 million last month.
Raad asserts that pure inference businesses are extremely profitable due to high margins. He claims some models have sticker prices with 80% margins for OpenCode, and giants like Anthropic and OpenAI might see 90% margins.
Raad says GPU supply is bottlenecking even companies of OpenCode's size. Demand is growing exponentially while production is linear, causing a capacity crunch and forcing companies to hoard and pay upfront.
OpenCode's business model includes Zen, an inference service that hit a $50 million run rate within five or six months, and enterprise control plane software for managing AI tool usage at scale.
OpenCode capitalized on Anthropic's clumsy ban of Claude subscriptions by galvanizing competitors. They secured official OpenAI support the next day, turning a crisis into a strategic win.