Tomorrow’s Tech, Today: Innovation That Moves Us Forward
- Around 10,000 people at companies like OpenAI, Anthropic, and Nvidia have amassed retirement wealth well above $20M, widening outcome divides.
- Widespread layoffs leave many software engineers feeling their skills are obsolete, fueling confusion about career paths and deep workplace malaise.
- On X, reactions split: some say the fortunate can choose happiness; others call the cycle novel and nasty, with AI both lottery and fallback eater.
The vibes around the current AI boom aren’t great, even in the tech industry, according to a lengthy social media post from Menlo Ventures partner Deedy Das.
Das described San Francisco as “pretty frenetic right now,” as “the divide in outcomes is the worst I’ve ever seen.”
Using a “back of the envelope AI calculation,” he projected that there are around 10,000 people — founders and employees at companies like OpenAI, Anthropic, and Nvidia — that have “hit retirement wealth of well above $20M,” while everyone else worries “they can work their well-paying (but <$500k) job for their whole life and never get there.”
Plus, “layoffs are in full swing,” and “many software engineers feel that their life’s skill is no longer useful,” leading to confusion about the best career paths and “a deep malaise about work (and its future),” Das said.
This prompted some eye-rolling on X, with entrepreneur Deva Hazarika arguing that “most of the people in this post” are “incredibly fortunate and can simply make a choice to be happy.”
Another user suggested it’s “pretty damn novel & also kinda nasty” that in the current cycle, “the same technology is both the lottery ticket & the thing eating your fallback.”
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