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AI Threatens Young Coders Amid $1.3T Private Credit Surge

4/10/2026

Summary

Story summary

David Ulevitch, a partner at a16z, said hardware and other formerly uninvestable sectors are gaining traction due to technological changes.
Ulevitch warned that AI could render a generation of young coders obsolete, especially in enterprise software.
Loans to private-credit firms have surged to $1.3 trillion, raising questions about underlying loan quality.
Ulevitch cautioned that current risk-underwriting assumptions could trigger losses like the 2008 mortgage crisis, prompting CEO discussions.

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Story summary

David Ulevitch, a partner at a16z, said hardware and other formerly uninvestable sectors are gaining traction due to technological changes.
Ulevitch warned that AI could render a generation of young coders obsolete, especially in enterprise software.
Loans to private-credit firms have surged to $1.3 trillion, raising questions about underlying loan quality.
Ulevitch cautioned that current risk-underwriting assumptions could trigger losses like the 2008 mortgage crisis, prompting CEO discussions.