"AI code editors are radically changing the job of a software engineer - but not eliminating jobs entirely, a Thrive Capital investor says. Philip Clark has witnessed the rise of vibe coding tools firsthand. At Thrive Capital, he's worked on the firm's investments in OpenAI - which debuted its Codex AI coding tool in May - as well as Cursor. In September, Clark was promoted to partner."
"There has yet to be substantive data about AI-related engineering cuts. Hiring appears to be down - software engineer job postings on Indeed recently hit a five-year low - but it's challenging to pinpoint the exact cause. Gen Z may be the most worried about these AI tools. 62% of college seniors familiar with them told Handshake that they were worried about their job prospects. Some Gen Z engineers have faced fewer entry-level openings and less training when they start their jobs."
AI code editors are changing software engineering tasks by augmenting rather than substituting engineers. Investments in tools like Codex and Cursor reflect the rise of AI-assisted coding. Portfolio companies have not laid off engineers because of these tools, though some may grow with less proportional headcount. AI tools can boost individual engineer productivity, potentially enabling engineers to perform at much higher levels. Hiring demand has fallen overall, and many college seniors and early-career engineers report concern about job prospects, fewer entry-level openings, and reduced onboarding and training.
Read at Business Insider
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