
The Vault Unlocked · 2026-07-29 · 35 min
Building software has never been easier. Keeping it alive has never been harder. Most founders adopting AI right now have only priced in the first half of that sentence. Richard White is the founder and CEO of Fathom, the top rated AI note taker on G2. He started the company just before 2020 on two bets almost nobody agreed with: transcription costs would fall to zero, and AI would get good enough to do something useful with what it heard. Both were right. He breaks down what actually changed, what didn't, and why the maintenance cycle is the part nobody warns you about. A new frontier model lands every three to six months. The other side of that coin is that a model gets deprecated every three to six months too. Build on one version and you have about six months before you rebuild on the next. Richard explains why Fathom is moving workloads off frontier models and onto open source, not to save money, but because the upgrade cycle is unsustainable for anything you intend to maintain.