Cat Wu outlines how AI is reshaping product management: shipping cycles have accelerated from months to days, demanding PMs who prioritize rapid iteration, product taste, and deep model fluency over traditional planning. She emphasizes building products that anticipate future model capabilities—not just current ones—and highlights the underrated power of prompting models to introspect on their own errors. At Anthropic, mission alignment replaces bureaucratic friction, enabling teams to deprioritize individual projects for company-wide goals. Roles are converging—engineers take on product decisions, designers come from engineering backgrounds—and success hinges on first-principles thinking, judgment, and emotional intelligence—areas where humans remain irreplaceable. Tools like Cowork automate high-value workflows (e.g., generating slide decks in an hour), but reliability requires 100% accuracy, not 95%. Crucially, Cat stresses building daily-use applications—not prototypes—and adopting a 'just do things' mindset to thrive amid constant change.