Why does Okta's CEO laugh at claims that AI will replace software engineers?

Debates exist around AI's influence on software engineering, with varied viewpoints from tech leaders. Okta's CEO, Todd McKinnon, challenges the idea that AI will replace software engineers, stating the number of engineers will increase in the next five years. He highlights that technological advancements consistently create a demand for more engineers. McKinnon points out that while AI can handle simpler coding tasks, engineers will concentrate on system design and complex problem-solving. Although recent data indicates a decline in job openings for software engineers since the pandemic, the U.S. Bureau of Labor Statistics projects a 17% growth in software developer roles from 2023 to 2033, resulting in around 328,000 new positions. Okta currently holds a market value over $15 billion and serves approximately 18,000 clients globally.

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