AI BriefingWinners and Losers of the AI Gold Rush
Key point
As the AI boom builds wealth for a few, anxiety and layoffs are growing for the many.
Details
Menlo Ventures partner Deedy Das said on X that the mood in San Francisco is extremely volatile, and that the gap created by the AI boom is the biggest he's ever seen.
By his rough calculation, about 10,000 founders and employees at companies like OpenAI, Anthropic, and Nvidia have already amassed retirement assets exceeding $20 million. Meanwhile, he noted that many others, even with high salaries, may never reach that level even if they stay their whole lives at jobs paying under $500,000.
At the same time, as layoffs are in full swing, many software engineers feel that their core skills are no longer valid, and career confusion and job anxiety are growing. On X, some reacted that the same technology is a jackpot for someone while knocking out the foundation for someone else.
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