As AI agents accelerate coding, what is the future of software engineering? Some trends are clear, such as the Product Management Bottleneck, referring to the idea that we are more constrained by deciding what to build rather than the actual building. But many implications, like AI’s impact on the job market, how software teams will be organized, and more, are still being sorted out. The theme of our AI Developer Conference on April 28-29 in San Francisco is The Future of Software Engineering. I look forward to speaking about this topic there, hearing from other speakers on this theme, and chatting with attendees about it. We’re shaping the future, and I hope you will join me there! It is currently trendy in some technology and policy circles to forecast massive job losses due to AI. Even if they have not yet materialized, these losses certainly must be just over the horizon! I have a contrarian view that the AI jobpocalypse — the notion that AI will lead to massive unemployment, perhaps even rioting in the streets — won’t be nearly as bad as dire forecasts by pundits, especially pundits who are trying to paint a picture of how powerful their AI technology is. Among professions, AI is accelerating software engineering most, given the rise of coding agents. According to a new report by Citadel Research, software engineering job postings are rising rapidly. So if software engineering is a harbinger of the impact AI will have on other professions, this expansion of software engineering jobs is encouraging. Yes, fresh college graduates are having a hard time finding jobs. And yes, there have been layoffs that CEOs have attributed to AI, even if a large fraction of this was “AI washing,” where businesses choose to attribute layoffs to AI, even though AI has not changed their internal operations much yet. And yes, there is a subset of job roles, such as call center operator, that are more heavily impacted. Many people are feeling significant job insecurity, and I feel for everyone struggling with employment, whether or not the cause is AI-related. And many other factors, such as over-hiring during the pandemic and high interest rates, have contributed to the slowdown in the labor market, and the notion that AI is leading to unemployment is oversimplified. In software engineering, I see a lot of exciting work ahead to adapt our workflows. It is already clear that: (i) As AI makes coding easier, a lot more people will be doing it. (ii) Writing code by hand and even reading (generated) code is not that important, because we can ask an LLM about the code and operate at a higher level than the raw syntax (although how high we can or should go is rapidly changing). (iii) There will be a lot more custom applications, because now it’s economical to write software for smaller and smaller audiences. (iv) Deciding what to build, more than the actual building, is becoming a bottleneck. (v) The cost of paying down technical debt is decreasing (since AI can refactor for you). At the same time, there are also a lot of open questions for our profession, such as: - In the future, what will be the key skills of a senior software engineer? And for junior levels, what should be the new Computer Science curriculum? - If everyone can build features, what skills, strategies, or resources create competitive advantage for individuals and for businesses? - What are the new building blocks (libraries, SDKs, etc.) of software? How do we organize coding agents to create software? - What should a software team look like? For example, how many engineers, product managers, designers, and so on. What tooling do we need to manage their workflow? - How do AI agents change the workflow of machine learning engineers and data scientists? For example, how can we use agents to accelerate exploring data, identifying hypotheses, and testing them? I’m excited to explore these and other questions about the future of software engineering at AI Dev. I expect this to be an exciting event. Please join us! [Original text: The Batch newsletter.]

SATA is going to be massive. You just have to look at the total addressable market of retail investor cash sitting in low-risk, liquid vehicles like money market funds and bank savings/checking-style accounts. 13% yield with a potential 1-2% volatility will be the highest Sharpe ratio on the planet. Undeniably competitive, especially in a falling rate environment. Retail money market fund assets right now is about $3.08 trillion, that is out of $7.75 total MMFs. This data is from as of this month. Retail savings accounts and bank deposits are at $10.2 trillion. Sum the two and you could call it $13 trillion out there yielding 0.4%? Bitcoin happened to be the perfect base to build a highly liquid, low volatility vehicle that is objectively a better product for retail. The choice is pretty simple at this point, either the average Joe will decide to let his cash position get eviscerated by inflation or he'll keep it in a stock that retains its value and pays 13%, which is likely double the rate of monetary debasement in any given year. 0.1% of $13 trillion is $13 billion, about 13x the size of Strive's Bitcoin hoard currently. 1% is $130 billion. How quickly can the company scale to a $10 billion balance sheet with zero debt? How soon can the ratings agencies play ball and open up the addressable market for SATA? The passive bid on Bitcoin from this will be immense, and the growth story for the ASST NAV multiple is totally there. Do you really only assign a 25% premium for 43% amplified Bitcoin with an endless stream of capital additions that are compounding at 20-30% per year? How does this NOT enable much more issuance of ASST at favorable pricing to the shareholders? Bitcoin compounds, the liability doesn't, coverage ratio improves, risk profile improves... MAN this is quite the machine. Even in the world where SATA isn't meeting every mandate requirement for allocation, the Bitcoin NAV growth potential is just mind boggling here. Can't be bearish on ASST or Bitcoin here. Quite the contrary.

According to Israel Shahak in Jewish History Jewish Religion: The Weight of Three Thousand Years: In Jewish mysticism non-Jews are considered to be literally limbs of Satan. The few non-satanic individuals among them (that is those who convert to Judaism) are in reality “Jewish souls” who got lost when Satan violated the Holy Lady (Shekhinah or Matronit one of the female components of the God-head sister and wife of the younger male God according to the Cabbala) in her heavenly abode. Shahak notes that these facts about the attitude of Jewish mysticism to non-Jews are absent from numerous English-language Jewish histories and that authorities like Gershom Scholem have lent their authority to a system of deceptions in sensitive areas the more popular ones being the most dishonest and misleading. From: Jewish History Jewish Religion: The Weight of Three Thousand Years by Israel Shahak (p.16) PDF:

SATA has been consistently more successful than STRC as a % of the parent company BTC NAV. The demand for the higher yield is there. Even during STRC's big day yesterday, the demand for SATA was considerably higher, adjusted for size of the Bitcoin hoard. Will be interesting to monitor this as the daily dividends proceed.

SATA performing this well on such a bloody red day for BTC, this far out of the ex. div date is amazing. A SIZEABLE CHUNK of Bitcoin is going to be added over the next couple weeks. DOMINATION. BULLISH $ASST

NEW: @VP lays out in blunt terms who the victims are when fraudsters target benefits Americans rely on most on @SatAmericaFNC. “There really are two costs and two victims. One is taxpayers getting fleeced… But it’s also there’s these programs that people in my family that I have benefited from that are meant to provide food to low income kids, are meant to ensure that if you can’t afford a doctor, you can still have access to medical care. Those programs are going to be destroyed by the fraudsters.”

🚨 "Saturday in America is currently pacing to give the 10 a.m.-12 p.m. ET Saturday timeslot on Fox News the best year it has ever had in FNC’s 30 year history, according to Fox News." "McEnany’s show has grown... the hour... by 22% for Fox News Channel compared to the same time the year prior, according to data from Nielsen Media Research." "With the show averaging around 2.2 million viewers year-to-date according to Nielsen Media Research, McEnany repeatedly emphasized that the show’s growth would not be possible without the producers, researchers, and staff working behind the scenes." Thank you to Kiara Moore and @dcexaminer for the wonderful piece and to @SatAmericaFNC and @FoxNews for the opportunity to bring our show to the air every Saturday morning! ⬇️

Countries from all over the World, almost all of which are not involved in the Middle Eastern dispute going on so visibly, and violently, for all to see, have asked the United States if we could help free up their Ships, which are locked up in the Strait of Hormuz, on something which they have absolutely nothing to do with — They are merely neutral and innocent bystanders! For the good of Iran, the Middle East, and the United States, we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business. Again, these are Ships from areas of the World that are not in any way involved with that which is currently taking place in the Middle East. I have told my Representatives to inform them that we will use best efforts to get their Ships and Crews safely out of the Strait. In all cases, they said they will not be returning until the area becomes safe for navigation, and everything else. This process, Project Freedom, will begin Monday morning, Middle East time. I am fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all. The Ship movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong — They are victims of circumstance. This is a Humanitarian gesture on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran. Many of these Ships are running low on food, and everything else necessary for largescale crews to stay on board in a healthy and sanitary manner. I think it would go a long way in showing Goodwill on behalf of all of those who have been fighting so strenuously over the last number of months. If, in any way, this Humanitarian process is interfered with, that interference will, unfortunately, have to be dealt with forcefully. Thank you for your attention to this matter! DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA ( TS: May 3 2026, 4:35 PM ET )