A founder says source code is on the verge of becoming like assembly

Claim

Elon Musk argued source code is on the verge of becoming like assembly with AI emitting the binary directly, while one founder noted SaaS multiples fell from 18 times revenue to 3.4 because the difficulty of building software is trending to zero, leaving distribution as the one asset a model cannot clone.

Reported metric: 18x to 3.4x revenue

Reporting date: 2026-08-04 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

• Welcome to August 4, 2026 (theinnermostloop.substack.com)