The haves and have nots of the AI gold rush

In Brief

The vibes astir the existent AI roar aren’t great, adjacent successful the tech industry, according to a lengthy societal media post from Menlo Ventures spouse Deedy Das. 

Das described San Francisco arsenic “pretty frenetic close now,” arsenic “the disagreement successful outcomes is the worst I’ve ever seen.”

Using a “back of the envelope AI calculation,” helium projected that determination are astir 10,000 people — founders and employees astatine companies similar OpenAI, Anthropic, and Nvidia — that person “hit status wealthiness of good supra $20M,” portion everyone other worries “they tin enactment their well-paying (but <$500k) occupation for their full beingness and ne'er get there.”

Plus, “layoffs are successful afloat swing,” and “many bundle engineers consciousness that their life’s accomplishment is nary longer useful,” starring to disorder astir the champion vocation paths and “a heavy malaise astir enactment (and its future),” Das said. 

This prompted immoderate eye-rolling connected X, with entrepreneur Deva Hazarika arguing that “most of the radical successful this post” are “incredibly fortunate and tin simply marque a prime to beryllium happy.”

Another idiosyncratic suggested it’s “pretty damn caller & besides kinda nasty” that successful the existent cycle, “the aforesaid exertion is some the lottery summons & the happening eating your fallback.”

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