The sentiment surrounding the current AI boom is not good, even in the tech industry a long social media post From Menlo Ventures partner Deedy Das.
Das described San Francisco as “pretty crazy right now” because “the split in results is the worst I’ve ever seen.”
Using “back of the envelope AI computing,” he predicted that founders and employees of companies like OpenAI, Anthropic, and Nvidia worry that about 10,000 people “have a retirement wealth of more than $20 million,” while others “will be able to work well-paid” jobs (but never <$500 in their lifetime).
Moreover, “layoffs are rampant” and “many software engineers feel their life skills are no longer useful,” leading to confusion about the best career paths and “a deep concern about the job (and its future),” he said.
It got some attention in X with entrepreneur Deva Hazarika argues “Most of the people in this post” are “incredibly lucky and can simply choose to be happy.”
Another user he suggested in the current cycle, “the same technology is both the lottery ticket and the thing that eats your payback,” which is “pretty damn novel and kind of gross.”
