Somehow this article doesn't even mention the fact that AI makes software rewrites much, much faster than before and with higher confidence of backwards compatibility.

Nowadays, a good AI harness can fairly reliably rewrite a medium complexity piece of software to an appropriate modern tech stack with pretty strong confidence of exactly preserving its behavior. The AI can pick up legacy details and keep them exactly the same as before in ways that a human rewriter would usually not bother with. After rewriting each feature it can then exhaustively smoke test all the happy paths and edge cases and ensure the code behaves exactly the same as before, which is another thing that human rewrites basically never do.