The vibes across the present AI growth aren’t nice, even within the tech trade, in line with a long social media publish from Menlo Ventures spouse Deedy Das.
Das described San Francisco as “lovely frenetic at the moment,” as “the divide in results is the worst I’ve ever noticed.”
The usage of a “again of the envelope AI calculation,” he projected that there are round 10,000 folks — founders and workers at corporations like OpenAI, Anthropic, and Nvidia — that experience “hit retirement wealth of effectively above $20M,” whilst everybody else worries “they are able to paintings their well-paying (however <$500k) process for his or her complete existence and not get there.”
Plus, “layoffs are in complete swing,” and “many instrument engineers really feel that their existence’s talent is now not helpful,” resulting in confusion about the most efficient profession paths and “a deep malaise about paintings (and its long term),” Das mentioned.
This induced some eye-rolling on X, with entrepreneur Deva Hazarika arguing that “most people on this publish” are “extremely lucky and will merely choose to be at liberty.”
Any other person prompt it’s “lovely rattling novel & additionally kinda nasty” that within the present cycle, “the similar generation is each the lottery price ticket & the item consuming your fallback.”
