
Block (XYZ) Ups Full-Year Outlook on Strong Q2 Driven by Cash App and Square
Block (XYZ) raises full-year outlook after Q2 gross profit jumps 25% YoY to $3.17B, driven by Cash App and Square growth, beating Wall Street estimates.

Block (XYZ) raises full-year outlook after Q2 gross profit jumps 25% YoY to $3.17B, driven by Cash App and Square growth, beating Wall Street estimates.

Software engineers face anxiety and uncertainty as AI transforms the industry, diminishing the value of traditional coding skills. Many are adapting by focusing on AI code evaluation, seeking new skills, or exploring collective action and career changes.
Anthropic co-founder Boris Cherny now advocates for loop engineering, where AI agents self-generate and refine prompts, moving beyond manual prompting. This shift mirrors sentiments from other AI leaders like OpenAI's Peter Steinberger and Google's Addy Osmani, who see AI agents operating more like managed employees than tools.
Anthropic's Boris Cherny, creator of Claude Code, dislikes the term "vibe coding" for AI-assisted programming, finding it undersells the sophisticated process. He is crowdsourcing alternative terms as AI increasingly generates production-grade code across major tech companies.
AWS CEO Matt Garman believes AI will not eliminate software engineering jobs but will require new skillsets. He stated that while basic coding skills may become less valuable, there will be a high demand for developers who can build next-gen systems and understand broader technical landscapes.
Nvidia CEO Jensen Huang stated that concerns about AI destroying jobs are "false," arguing that AI tools will create more jobs by increasing efficiency and demand for new skills, citing examples in radiology and software engineering.
Google is piloting a new software engineering interview format allowing candidates to use its Gemini AI assistant during technical rounds, reflecting the growing influence of AI in development and aiming to assess "AI fluency."

Li, former head of Microsoft AI Asia's GenAI Group, joins Tongji University as a distinguished tenured professor at its Institute of AI for Engineering after returning to China.
Anthropic's Boris Cherny, creator of Claude Code, says software engineering is already dead inside his own company—no one writes code by hand anymore, and Claude AI instances autonomously communicate over Slack to resolve problems across teams. As Google, Meta, Amazon and Snap race to set aggressive AI coding targets, Cherny believes IDE tools like VS Code and Xcode are next to disappear—and Anthropic CEO Dario Amodei's "centaur phase" warning suggests the window for human coders is closing fast.
Anthropic's Boris Cherny, creator of Claude Code, says software engineering is already dead inside his own company—no one writes code by hand anymore, and Claude AI instances autonomously communicate over Slack to resolve problems across teams. As Google, Meta, Amazon and Snap race to set aggressive AI coding targets, Cherny believes IDE tools like VS Code and Xcode are next to disappear—and Anthropic CEO Dario Amodei's "centaur phase" warning suggests the window for human coders is closing fast.
Snap CEO Evan Spiegel is impressed by AI's rapid advancement, noting tools like Anthropic's Claude are transforming software development. He predicts companies will reallocate resources from engineering to distribution as AI automates coding, with over two-thirds of new code at Snap now written by AI systems.
AWS CEO Matt Garman says Amazon is hiring 11,000 software development engineer interns and early-career hires in 2026, pushing back on fears that AI is eliminating software engineering jobs. His comments come after Amazon's two biggest layoff rounds in six months—30,000-plus corporate cuts in total—and amid warnings from other tech leaders that AI coding tools are fundamentally disrupting the profession. Garman acknowledges the role is changing, but insists demand for developers is accelerating.

OpenAI partners with Infosys to integrate Codex coding assistant into its Topaz AI platform, helping clients modernize software development and automate workflows. The deal gives OpenAI distribution to enterprises through Infosys' global client base across 60+ countries. Infosys shares have fallen over 22% this year amid concerns about AI automation and macroeconomic turmoil.