ai
The haves and have nots of the AI gold rush
Key takeaways
- 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.”
- 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.”
Why this matters: a development in AI with implications for how people work, create, and decide.
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 Open AI, 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.”
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