According to a lengthy social media post by Deedy Das, a partner at Menlo Ventures, the current mood around the AI boom is not great, even in the tech industry.
Das called San Francisco “pretty hot right now” and said “the split in results is the worst I’ve ever seen.”
Using “background AI calculations,” he predicted that about 10,000 people, including founders and employees of companies like OpenAI, Anthropic, and Nvidia, will have “retirement assets of well over $20 million,” while everyone else worries that “even if you could work a high-paying (but less than $500,000) job for the rest of your life, you’ll never get there.”
What’s more, “attrition is in full swing” and “many software engineers feel their life skills are no longer relevant,” leading to confusion about the best career path and “a deep sense of malaise about work (and its future),” Das said.
This drew attention to X, with entrepreneur Deva Hazarika claiming that “most of the people in this post” are “incredibly lucky and able to make the choice to be happy.”
Another user suggested that it’s “quite novel and a bit troubling” that “the same technology is both a lottery ticket and a setback prey” in the current cycle.
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