The haves and have nots of the AI gold rush - BERITAJA

In Brief

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

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

Using a “back of the letter cover AI calculation,” he projected that location are about 10,000 people — founders and labor astatine companies for illustration OpenAI, Anthropic, and Nvidia — that person “hit status wealthiness of good supra $20M,” while everyone other worries “they could activity their well-paying (but <$500k) occupation for their full life and ne'er get there.”

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

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

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

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