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Will AI replace all software? Why GPT-5 emboldens the doomsayers
The question on Wall Street, and inside many IT shops, is whether anyone will need to buy software in the future if AI can just code it all automatically.
Now, a notion is rapidly gaining steam on Wall Street that commercial software vendors may be doomed by the rise of artificial intelligence. Luria, who rates the shares of publicly traded software companies including Snowflake, Datadog, JFrog, and others, notes that the day after GPT-5 was announced, many of the stocks he covers fell sharply. "I think the companies that learn how to leverage AI will out-compete the ones that don't," said Spenser Skates, founder and CEO of software maker Amplitude, in an interview with The Technology Letter last week.
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