The CEO quiet part out loud was very clearly: "salaries".
This will scale back when AI replacement attempts slow down as expectations temper (Salesforce, Klarna, etc).
This will scale back when AI replacement attempts slow down as expectations temper (Salesforce, Klarna, etc).
Why isn't that the first question that comes to mind for a journalist covering the latest acquisition? It's like an open secret that nobody really talks about.
I'm not sure if even the LLM companies themselves are selling shovels yet. I think everyone is racing to find what the shovel of LLMs are.
On reality, they are hiring because they have a lot of (investment) money. They need a lot of hardware, but they also need people to manage the hardware.
On an alternative reality where their products do what they claim, they would also hire, because people working there would be able to replace lots of people working in other jobs, and so their workers would be way more valuable than the average one, and everybody would want to buy what they create.
Journalists don't care about it because whatever they choose to believe or being paid to "believe", it's the natural way things happen.
But addressing the specific question: It is still a valid. If the product sold is a 10x developer force multiplier, you'd expect to see the company fully utilizing it. Productivity would be expected to increase, rapidly, as the product matures, and independently of any acquisitions made at the same time.