According to a lengthy social media post by Menlo Ventures partner Deedy Das, the mood surrounding the current AI boom is not good, even in the tech industry.
Das described San Francisco as “very crazy right now.” “The disparity in outcomes is the worst I’ve ever seen.”
Using “basic AI calculations,” he estimated that about 10,000 people, including founders and employees of companies like OpenAI, Anthropic, and Nvidia, have “achieved retirement wealth well in excess of $20 million,” while everyone else is worried that “they could work a well-paying (but less than $500,000) job for the rest of their lives and never get there.”
Moreover, “layoffs are in full swing” and “many software engineers feel that their life skills are no longer useful,” leading to confusion about the best career path and “deep anxiety about work (and its future),” Das said.
This sparked an eye-opening look at
Another user suggested that it was “quite novel and somewhat unpleasant” that in the current cycle “the same technology is both a lottery and eating a replacement”.
