> Software development is one of the most capital-intensive activities a modern company undertakes
The article is definitely written from a "high tech" industry lens. A mid-sized utility might spend $80-$150 million USD on IT capital projects in a year, but $2b on power pole maintenance. Utilities are a strong example, but any large enterprise manufacturing company is spending more on factory upgrades that programming.
> [...] built a functional replica of approximately 95% of Slack’s core product in fourteen days using LLM agents.
IT and Finance leadership and asset heavy companies are currently trying to wrap their head around the current economics of their 100+ SaaS contracts, and if it still makes sense with LLM powered developers. Can they hire developers in house to build the fraction of the tool they use from many of these companies, save on total cost and Opex?
I work with these companies a lot, and won't weigh in on the right decision. Bottom line "it depends" on many factors, some of which are not immediately obvious. The article still holds weight regardless of industries, but there is some nuance (talent availability, internal change cost, etc.) that also have to be considered.