The vibes across the present AI growth aren’t nice, even within the tech trade, in keeping with a lengthy social media post from Menlo Ventures companion 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 staff at firms like OpenAI, Anthropic, and Nvidia — which have “hit retirement wealth of properly above $20M,” whereas everybody else worries “they’ll 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 not helpful,” resulting in confusion about the very best 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 put up” are “extremely lucky and may merely make a option to be joyful.”
One other person 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.”
