Mostaque, on a call with UBS analysts, said that most of the country’s outsourced coders will lose their jobs as the effects of AI mean that it is now possible for software to be developed with far fewer people.

“I think that it affects different types of jobs in different ways. If you’re doing a job in front of a computer, and no one ever sees you, then it’s massively impactful because these models are like really talented grads,” he said

According to Mostaque, however, not everyone will be affected similarly. That is due in no small part to differing rules and regulations worldwide. Countries with stronger labour laws, like France, will be less likely to see such an impact.

In India, Mostaque said: “Outsourced coders up to level three programmers will be gone in the next year or two, whereas in France, you’ll never fire a developer.” “So it affects different models in different countries in different ways in different sectors.”

Mostaque has made these claims before, even going as far as claiming that there will be “no more programmers” in five years -- however, he caveated this to say that he meant coders in the traditional sense.

“Why would you have to write code where the computer can write code better? When you deconstruct the programming thing from bug testing to unit testing to ideation, an AI can do that, just better,” Mostaque said.

“But it won’t be doing it automatically. It will be AI’ co-pilots,’” Mostaque said. “That means fewer people are needed for classical programming, but are they needed for other things? This is the question, which is the balance we must understand because different areas are also affected differently.”