The vibes around the current AI boom aren’t great, even in the tech industry, according to a long post on social media from Menlo Ventures partner Deedy Das.
Das described San Francisco as “pretty hectic right now” as “the split in results is the worst I’ve ever seen in my life.”
Using a “backwards AI calculation,” he projected that there are about 10,000 people (founders and employees of companies like OpenAI, Anthropic, and Nvidia) who have “achieved retirement wealth well over $20 million,” while everyone else is worried about “being able to work at their high-paying (but <$500,000) job for their entire life and never get there."
Additionally, “layoffs are in full swing” and “many software engineers feel like their life skill is no longer useful,” leading to confusion about the best career paths and “deep unease about the job (and its future),” Das said.
This caused X to roll his eyes, at businesswoman Deva Hazarika. arguing that “most people in this position” are “incredibly lucky and can simply choose to be happy.”
Other user suggested It is “quite novel and also a little unpleasant” that in the current cycle, “the same technology is at the same time the lottery ticket and what eats your alternative.”
