AI democratizes what only the rich could afford

LLMs are magical duct tape. They're formed principally by the distilled intuition of all of society into a thing that operates between, a cost structure between human and plain old computing.

There are these things that were historically really expensive that only rich people or big companies could buy... becoming orders of magnitude cheaper so that everyone can use them.

As the costs go down, people will just make a lot more software to improve their lives and to improve their work and start more startups.

The types of companies are going to change too. It won't just be that they're smaller, we're going to see fundamentally different companies emerging. If you think about it, fewer employees means less capital. Less capital means you don't need a raise. So instead of companies started by founders who are great at pitching and great at hyping, you'll get founders who are really great at technology and product.

Previously, vertical software companies succeeded because they offered comprehensive feature sets, even though individual customers typically only used about 10% of available features, but lacked technical resources to build custom solutions.

The domain specialists now have access to build the tools that they ultimately wanted. Each individual company only wanted 10% of the features, but that has now changed entirely. Now they can.