Notice how all the coasters at big tech companies are now being called in and with RTO policies? This is what we have here.
The "good times" where the era of coasting and doing zero work for a month with a >$300k+ a year SWE web developer job is over.
Now (unsurprisingly) your startup HAS to be profitable and cannot afford to lose money for years with the over-reliance on cheap VC money. For big tech it is not a playground or a day care.
These AI companies are the last reminants of the hype in 2021 and if one of those overvalued companies closes down, then it will cause a 2000 level crash.
There is still room for the tech industry to go down and it requires the AI hype to deflate.
The "good times" where the era of coasting and doing zero work for a month with a >$300k+ a year SWE web developer job is over.
Now (unsurprisingly) your startup HAS to be profitable and cannot afford to lose money for years with the over-reliance on cheap VC money. For big tech it is not a playground or a day care.
These AI companies are the last reminants of the hype in 2021 and if one of those overvalued companies closes down, then it will cause a 2000 level crash.
There is still room for the tech industry to go down and it requires the AI hype to deflate.