Right now the pressure is coming from a combination of over-hiring and the increase in interest rates. Even if AI hype is realistic, corporations are human enterprises that move much slower than changing everything in a single year. Things don't move that fast because humans don't move that fast. We're still at the beginning. Don't believe the hype, it's what Sequoia and Andreessen want to create their paper money. This cycle hasn't even begun to play out. Horses aren't unemployed just because we have cars.
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Right now the pressure is coming from a combination of over-hiring and the increase in interest rates. Even if AI hype is realistic, corporations are human enterprises that move much slower than changing everything in a single year. Things don't move that fast because humans don't move that fast. We're still at the beginning. Don't believe the hype, it's what Sequoia and Andreessen want to create their paper money. This cycle hasn't even begun to play out. Horses aren't unemployed just because we have cars.
https://news.ycombinator.com/item?id=39824275
Mr. Ed has only been helped by streaming in recent years, despite the wider decline in television viewership.