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If AI is so good at coding - where are the open source contributions?
(pivot-to-ai.com)
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When did you last time decide to buy a car that barely drives?
And another thing, there are some tech companies that operate very short-term, like typical social media start-ups of which about 95% go bust within two years. But a lot of computing is very long term with code bases that are developed over many years.
The world only needs so many shopping list apps - and there exist enough of them that writing one is not profitable.
This is a very generous sentence you have made, haha. My observation is that vast majority of tech companies seem to operate unprofitably (the programming division is pure cost, no measurable financial befit) and with churning bug riddled code that never really works correctly.
Netflix was briefly hugely newsworthy in the technology circles because they... Regularly did disaster recovery tests.
Edit: Netflix made news headlines because someone decided that Kevin in IT having a bad day shouldn't stop every customer from streaming. This made the news.
Our technology "leadership" are, on average, so incredibly bad at computer stuff.