tech
AI was meant to replace software developers. It's creating more instead.
AI was supposed to kill developer jobs. Atlassian's latest results suggest it's creating more software builders, not fewer.
TL;DR
- Initial fears suggested AI would reduce the number of software developers and tech jobs.
- These fears led to concerns about decreased demand for software subscriptions (seats).
- Atlassian's stock jumped 35% after reporting surging revenue, driven by growth in seats for its key products.
- This indicates that AI is creating more developer roles rather than eliminating them.
- Atlassian CEO Mike Cannon-Brookes predicts continued growth in developer hiring and an increase in the amount of technology being built.
- AI is enabling people in non-traditional tech roles (HR, finance, legal) to build software, expanding the pool of 'builders'.
- The long-feared collapse in software jobs and subscriptions may not occur; instead, AI could foster a larger market for companies like Atlassian.