The Internet blew up the publishing industry. Content used to be expensive to create, but now it’s trivial to create and distribute, which gutted publishers, etc. AI will do the same for software.
Vogue wasn’t replaced by another fashion media company, it was replaced by 10,000 influencers. Salesforce will not be replaced by another monolithic CRM. It will be replaced by a constellation of things that dynamically serve the same intent and pain points. Software companies will be replaced the same way media companies were, giving rise to a new set of platforms that control distribution.
I think the unknown author here may be oversimplifying. The Internet alone doesn’t disrupt industries like publishing. Financialization and regulatory capture play major roles as well.