Give people a chat box that can do unlimited power and they're like, tell me a dad joke.

In the technology world, their underutilized capabilities are so big.

It's almost trite now to say the models are far ahead of the value they're delivering.

The whole history of software from 1960 until 2022 was you would take a filing cabinet and you turn it into a database.

The cool thing about everything that's happening in AI land is that the filing cabinet can do work. The idea I would vibe code my own workday and then run it is

terrifying. However, there is a great gain we are seeing internally in extensibility of software

using things like vibe coding. The other one has been talking about the SaaS apocalypse. Some people

call it the catastrophe. Why is there too much fear about this? As I've said, not every SaaS company is going to

thrive through the next decade. We're not here to defend all of software, obviously.

Percy pricing built software fortunes for two decades. It felt fair. More users, more money.

But beneath the logic were very different kinds of businesses.

Some seats were tied to work that AI can now do instead.

Others were just a pricing proxy for headcount.

And those companies may actually benefit from AI.

The public markets, so far, haven't reliably told them apart.

When the SaaS sell-off hit, valuations dropped across

the board, regardless of whether a company looked more like Zendesk or workday. That's the gap

worth understanding. Companies that survive the transition face a harder job than adding an AI feature.

They have to redesign how humans and software work together, where loops belong, when to

interrupt, and how much trust an agent has to earn before it acts.

Alex Rampel and I speak with Mike Cannon Brooks, co-founder and CEO of Atlassian.

The whole history of software from 1960 until 2022

...