The jobs that the hype is referring to. Any lack of veracity is moot to whether or not it's convincing, else there would be no reason for it.

I agree with you, it’s mostly hype. But it doesn’t really matter whether it’s true or not because the vibes are clearly bad. These execs keep “warning” us about that AI will take all the jobs then keep pouring more money into AI, the press credulously reports it, and people are obviously worried. Most people aren’t digging through economic data themselves to figure out these execs are full of shit.

I am by no means trying to justify anything.

Whether "the jobs" have been lost or not is irrelevant. There's something to be said of the leadership here raising a trillion dollars to do that very thing.

It's not hard to imagine an outsider taking him at face value.

If this guy says publicly, "I'm building a robot that is going to fundamentally change the economy by making most knowledge based jobs obsolete." Then proceeds to play a major role in propping up the economy on this idea.

At some point, people are going to get concerned.

Whether you personally believe AI has cost jobs or not is irrelevant, in the last three years companies publicly and vocally have laid hundreds of thousands of layoffs at the feet of "AI".

Capex spending to push out employees is not hype. People are getting laid off as AI spending increases is definitely real