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How is this different from every single technological iteration?
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Because there is a certain point where barrier to entry prevents meaningful competition once winner-take-all power laws start kicking in, and stability hitherto has been predisposed on having a plurality of non interrelated competitors to ensure no one man's quirks drives too much of societies theoretical output.

AI will make this dynamic worse, and it's got the extra danger of the default banal way of applying the technology in fact encourages it's application to that end.

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I don't really see it that way because most software companies overestimate the importance of fantastic software vs merely adequate software, and most times good sales development, support, and negotiation skills are what helps actually sell.

I also don't think that the commodification of programming is a substitute for things like understanding your customers, having good taste for design, and designing software in a way that is maximally iterable.

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