The “we don’t need as many workers because AI” line from CEOs isn’t sticking. It might work for a quarter or two but sooner or later these companies must answer hard questions on why they’re not getting measurable returns from massive investments in AI. That day is coming and it’s going to be really ugly.

Same for many of these “AI companies” that are burning through cash in a race to the bottom towards a commodity with no real prospects for a sustainable business model. The tech is cool, and can be useful, but the business aspects of all this is a forrest full of dry timber waiting for one strike of lightning to burn the whole thing to the ground.