The vibes across the present AI growth aren’t nice, even within the tech business, in line with a lengthy social media post 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 folks — founders and staff at corporations like OpenAI, Anthropic, and Nvidia — which have “hit retirement wealth of nicely above $20M,” whereas everybody else worries “they’ll work their well-paying (however <$500k) job for his or her entire 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 not helpful,” resulting in confusion about the perfect 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 comfortable.”
One other consumer suggested it’s “fairly rattling novel & additionally kinda nasty” that within the present cycle, “the identical know-how is each the lottery ticket & the factor consuming your fallback.”
