AI is killing the notion that SW companies are infinite money printing machines. The idea is that someday soon(in the next 5-10 years as markets are forward looking), someone will vibe-code a replacement for Photoshop/TurboTax/Office and if nothing else that will kill the profit margins. This changes the entire economics of SW and affects current hiring and spending.
Quite the opposite. I just spent the past month "vibe coding" a pretty serious program in C. The tldr is yea I can build faster but I'm still sitting there testing, debugging, and focusing on specific features as I go and that's still a human limitation. The AI productivity is pivoted directly into higher complexity of features. It's not a magic wand that immediately builds a program that works perfectly out of the box. The zeitgeist just hasn't caught up to the reality of that.
And that's cool but your experience is not what the market is trading. The vibe is that vibe-coding will come together in the next few years and SW margins will be hit. That doesn't mean it's the reality, just that it is what the market is thinking.
