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The cost of producing working code has been falling for years, and AI coding tools have accelerated that trend dramatically. We do not yet know where the floor is. A single developer, assisted by AI agent(s), can now produce in hours what once took a team days. Multiple agents working in parallel can generate volumes of code that would have been unthinkable just two years ago. And yet, producing more code faster has not automatically translated into delivering better software or business value. What we are seeing instead is that organisations with existing structural weaknesses keep wondering why they cannot harvest those productivity gains. That tells us something important about what AI actually improves, and what it does not.