When you become complacent and your ego isn’t checked, you think you have the hottest thing. Hubris is hard. They had a pretty big moat that they let vscode eat away at. I don’t think they saw any of this coming and are struggling to make sense of it.
They are trying now to create an agent-first IDE. I think they are too big to move on this.
https://blog.jetbrains.com/fleet/2025/12/the-future-of-fleet...
I've been a massive JetBrains fanboy for a bit over a decade. I finally let my subscription lapse this month. It isn't so much about AI integrations but overall competitors have caught up. The rise of LSP and DAP did a lot to shrink their competitive advantage