Former WH Advisor Pushes Back On Job Loss Fears, Says 'AI Has Dramatically Lowered The Cost Of Writing Code'

Benzinga_recent_news05-25 16:11

Former White House AI and crypto czar David Sacks said AI is lowering the cost of writing software and increasing overall demand for engineers, arguing that job growth in tech is rising despite fears ...

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Sacks said AI is lowering the cost of writing software and increasing overall demand for engineers, arguing that job growth in tech is rising despite fears ...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/26/05/52765410/former-wh-advisor-pushes-back-on-job-loss-fears-says-ai-has-dramatically-lowered-the-cost-of-writing-code\">Source 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Sacks said AI is lowering coding costs and boosting software demand, arguing that job growth for engineers is rising despite automation fears.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","BK4588":"碎股","VGT":"信息技术ETF-Vanguard","BK4528":"SaaS概念","BK4023":"应用软件","BK4585":"ETF&股票定投概念","AIPO":"Defiance AI and Power Infrastructure ETF","WH":"Wyndham Hotels & Resorts Inc","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","BK4551":"寇图资本持仓","IGM":"iShares Expanded Tech Sector ETF","AI":"C3.ai, Inc.","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","BK4543":"AI","ARTY":"ISHARES FUTURE AI & TECH ETF","AGIX":"通用人工智能 ETF-AGIX","BK4587":"ChatGPT概念"},"translate_title":"前万洲国际顾问驳斥了失业担忧，称“人工智能大大降低了编写代码的成本”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHAT":1.5,"IGM":0.89,"AIYY":0.6,"AGIX":1.5,"VGT":0.9,"WH":1.5,"AIPO":1.5,"ARTY":1.5,"AI":0.9},"content_text":"Former White House AI and crypto czar David Sacks said AI is lowering the cost of writing software and increasing overall demand for engineers, arguing that job growth in tech is rising despite fears of automation-driven layoffs.\nOn Sunday, in a post on X, Sacks questioned why software engineering job postings continue to rise despite rapid advances in AI coding agents. \nHe argued that the answer lies in expanding demand for software itself, not job replacement.\n\"AI has dramatically lowered the cost of writing code,\" Sacks wrote, adding that there is now \"far more code to manage than ever before.\"\nHe also cited a reported \"14x YoY increase in GitHub commits,\" claiming the trend reflects accelerating software production across companies and industries.\nSacks said the lower cost of development is fueling broader adoption of custom software, stating that coding has become \"AI's breakout use case this year.\" \nHe added that the industry is seeing \"a massive productivity boom driven by the proliferation of bespoke software throughout the entire economy.\"\nHe concluded that increased efficiency is expanding the total volume of work rather than shrinking it, challenging predictions that AI will trigger widespread layoffs in tech.\nEarlier, OpenAI President Greg Brockman said AI coding tools had surged from writing about 20% of developers' code to roughly 80% in just one month, calling the shift a fundamental change in how software is built. \nAndrej Karpathy also said AI agents had dramatically altered his own workflow, stating he had barely written any code in recent months as systems increasingly handled programming tasks. \nHe said he had not typed \"a line of code\" since December and described delegating most work to AI agents capable of executing complex instructions.\nCEO Brian Chesky said one engineer could now perform work that previously required a team of 20, with AI agents operating under human supervision.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock/ jittawit21\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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