I think the whole software industry has tried to obscure the fact that most companies who hire software engineers are writing exactly the same code as every other company. How many people here have written the same goddamn webapp at the last 3 companies they've been to? Anyone ever wonder why nobody just publishes blueprints to software and licenses that blueprint to a single engineer to customize? Because there's a lot less money in doing that, versus selling a lot more software add-ons/SaaS/etc.

There is no value-add to hiring software engineers to build basic apps. That's what AI will be good for: repeating what has already been written and published to the web somewhere. The commoditized software that we shouldn't have been paying to write to begin with.

But AI won't help you with all the rest of the cost. The maintenance, which is 80% of your cost anyway. The infrastructure, monitoring, logging, metrics, VCS hosting, security scanning, QA, product manager, designer, data scientist, sales/marketing, customer support. All of that is part of the cost of building and running the software. The software engineers that churn out the initial app is a smaller cost than it seems. And we're still gonna need skilled engineers to use the AI, because AI is an idiot savant.

Personally I think 50% cost reduction in human engineers is the best you can expect. That's not nothing, but that's probably like a 10% savings on total revenue expenditure.