Comment by w10-1

The replace-work TAM is overstated because it fails to address transaction costs, which are astronomical when refactoring work and dislodging stakeholders with sunk costs. Coding is now the leading app for AI now because it had already been factored to support division of labor, outsourcing, and remote work.

It's also understated, because the real value of AI is not in replacing work, but making new products possible either because it's finally cheap enough to make them, or because -- AI.