> so there will be a displacement of medium to large companies by much smaller ones.
There are so many regulations EE companies follow and offer that no startup owner or worker could ever deal with. The moment your company shifts to that sort of work, you're automatically not anymore a startup (by definition).
Only if you get super smart robots that can manage a lot of bureaucracy etc. Starting from multicloud/region deployments, local regulations, accounting, taxes, laws, etc. Which is what companies like SAP (but not only them) do basically.
But if that happens we are all in a situation that we don't need companies anymore (the way we know them).
My field is lightly regulated but it is regulated and LLMs have helped massively in producing the documentation but also in reviewing the same documentation on the regulators side. This was always a disadvantage for small companies where the fixed regulatory cost couldn’t be amortized over a larger staff size and now because of LLMs it is less of a disadvantage.