I think this is just another correction. The software market is worth several trillion dollars now. Enterprise is pushing against the rise in labor costs. It will backfire as it did every single time and in a few years competent developers will be worth their weight in platinum.
For nearly 50 years now, software causes disruption, demand drives labor costs, enterprise responds with some silver bullet, haircuts in expensive suits collect bonuses, their masters pocket capital gains, and the chicken come home to roost with a cycle of disruption and labor cost increases. LLMs are being sold as disruption but it's actually another generation of enterprise tech. Hence the confusion. Vibe coding is just PR. Karpathy knows what he's doing.
50 years might be overstating it a bit, lookup tables/hash maps were a novelty back then and available compute resources increased by many orders of magnitude... So maybe we actually had some real enablers in the meantime. My gut feeling is the current AI hype is at least as revolutionary as search engines, marketplaces or social networks (not like recommendation engines or block chain). Though not as revolutionary as the loom or electricity
For nearly 50 years now, software causes disruption, demand drives labor costs, enterprise responds with some silver bullet, haircuts in expensive suits collect bonuses, their masters pocket capital gains, and the chicken come home to roost with a cycle of disruption and labor cost increases. LLMs are being sold as disruption but it's actually another generation of enterprise tech. Hence the confusion. Vibe coding is just PR. Karpathy knows what he's doing.