The vibes across the present AI growth aren’t nice, even within the tech business, in accordance with a prolonged social media publish from Menlo Ventures accomplice Deedy Das.
Das described San Francisco as “fairly frenetic proper now,” as “the divide in outcomes is the worst I’ve ever seen.”
Utilizing a “again of the envelope AI calculation,” he projected that there are round 10,000 individuals — founders and workers at corporations like OpenAI, Anthropic, and Nvidia — which have “hit retirement wealth of nicely above $20M,” whereas everybody else worries “they will work their well-paying (however <$500k) job for his or her complete life and by no means get there.”
Plus, “layoffs are in full swing,” and “many software program engineers really feel that their life’s ability is now not helpful,” resulting in confusion about the most effective profession paths and “a deep malaise about work (and its future),” Das mentioned.
This prompted some eye-rolling on X, with entrepreneur Deva Hazarika arguing that “the general public on this publish” are “extremely lucky and may merely make a option to be blissful.”
One other person advised it’s “fairly rattling novel & additionally kinda nasty” that within the present cycle, “the identical expertise is each the lottery ticket & the factor consuming your fallback.”
