The code they write is highly domain-specific, implementation speed is not the bottleneck, and their payroll for developers is nothing compared to the rest of the business.
AI would just increase risk for no reward.
This is what a CEO is supposed to do. I wonder if CEOs are the ones OK with their data being used and sent to large corps like MS, Oracle, etc.
I think I saw it asserted that its easier for a new company, which definitely makes sense as you don't carry along all the baggage.