SpaceX just paid $60 billion for a coding tool. The price is interesting. The justification -- a $26 trillion addressable market -- reveals more about how we price AI right now than about what it's actually worth.
Almost every team now codes with AI; only a third governs it. The teams pulling ahead review AI's output as seriously as they once reviewed their own code.
Anthropic's Fable 5 shipped with two guardrails: one that refused honestly, and one that quietly degraded the answer without telling you. The second is the dangerous kind, and Anthropic's own reversal shows why.
For a while we treated generative AI as a parlour trick with bad hands and a habit of making things up. Five kinds of story ended that phase for me, and raised a harder question than 'will it take my job?'
AI coding tools have stopped failing loudly. The new failure compiles, passes the tests, and is confidently wrong, and our review process was built for the old kind of mistake.
Working code is becoming cheap. What stays scarce is judgment about what to build and whether it was worth building. That is the engineer worth becoming.