Up until now, no business has been built on tools and technology that no one understands. I expect that will continue.
Given that, I expect that, even if AI is writing all of the code, we will still need people around who understand it.
If AI can create and operate your entire business, your moat is nil. So, you not hiring software engineers does not matter, because you do not have a business.
Does the corner bakery need a moat to be a business?
How many people understand the underlying operating system their code runs on? Can even read assembly or C?
Even before LLMs, there were plenty of copy-paste JS bootcamp grads that helped people build software businesses.
Most legacy apps are barely understood by anyone, and yet continue to generate value and and are (somehow) kept alive.
> no business has been built on tools and technology that no one understands
Well, there are quite a few common medications we don't really know how they work.
But I also think it can be a huge liability.
> Up until now, no business has been built on tools and technology that no one understands. I expect that will continue.
Big claims here.
Did brewers and bakers up to the middle ages understand fermentation and how yeasts work?