I've made a similar argument in the past but now I'm not so sure. It seems to me that developer demand was linked to large expansions in software demand first from PCs then the web and finally smartphones.
What if software demand is largely saturated? It seems the big tech companies have struggled to come up with the next big tech product category, despite lots of talent and capital.
There doesn’t need to be a new category. Existing categories can just continue bloating in complexity.
Compare the early web vs the complicated JavaScript laden single page application web we have now. You need way more people now. AI will make it even worse.
Consider that in the AI driven future, there will be no more frameworks like React. Who is going to bother writing one? Instead every company will just have their own little custom framework built by an AI that works only for their company. Joining a new company means you bring generalist skills and learn how their software works from the ground up and when you leave to another company that knowledge is instantly useless.
Sounds exciting.
But there’s also plenty of unexplored categories anyway that we can’t access still because there’s insufficient technology for. Household robots with AGI for instance may require instructions for specific services sold as “apps” that have to be designed and developed by companies.
The new capabilities of LLMs, and generally large foundation models, expands the range of what a computer program can do. Naturally, we will need to build all of those things with code. Which will be done by a combo of people with product ideas, engineers, and LLMs. There will be then specialization and competition on each new use-case. eg., who builds the best AI doctor etc.,.
What if software demand is largely saturated? It seems the big tech companies have struggled to come up with the next big tech product category, despite lots of talent and capital.