ps256
Joined 5 years ago
Joined 5 years ago
Developers who know how to use LLMs are some % faster and more productive. You can increase the % enough so that overall demand for developers goes down or doesn't grow as much as it would have otherwise.
It's not "my company laid us all off and replaced us with an LLM" but more like "this year our team is hiring for 3 new people instead of 4" - that's still a significant impact on the job market. And who knows how those numbers will change as LLMs get better.
No, that's not how anything works. The point is that it's alive as long as someone is running a node.
Whether the price will move up or down in the future - I think it's naive to think that you can profitably speculate on its price movement (long or short).
What does "popping" mean concretely? That some new companies that aren't profitable... won't last long and won't be profitable, just like it's expected from most startups? Why should anyone who isn't an employee/customer/investor/founder care?
It's now one day later and Altman is back as CEO - what can Emmett Shear claim exactly?
But it isn't.
My view is that in the past the increases in productivity have come in a period of exponential growth of the software industry and that growth can absorb the additional productivity. But exponential growth doesn't last forever and if you have a period of a declining / flat / slowly growing software field, a significant enough productivity improvement from tools like LLMs can reduce the overall demand for software development.