Value of Software in an Era of Increased Supply
I made a post on this topic over on the Osparna blog.
The bottom line up front here:
"The broader economic point though is that there is going to be a lot more software, that software will be built more quickly, and it will be able to rely on large models to provide novel capabilities. The baseline economic response to an increase in supply without concomitant increase in demand would be for the price to fall. Absent other factors, software will become cheaper. From an investment standpoint, the software is now less interesting than it used to be. We now want to see what relationship the company has with the customers, how well they solve the problem, and what unique dataset or insight do they have that will allow them to maintain a competitive moat. It can’t just be the code."
