You'll note that I didn't make a prediction. Nor did I tell someone their prediction was wrong. I called into question someone's certainty about their own prediction.
I can read between the lines.
Also, this new reality is today. You may not be seeing this in your place of business or culture yet, but for many of us, it arrived up to 2 years ago.
If that's happening at [redacted] of all places, I think it's reasonable to think that the technology may not be as transformative as predicted due to its (currently) poor performance in generating revenue.
We're profiting from its inefficiency by selling compute to other companies, especially AI startups. It's expensive and unprofitable for them and a cash cow for us. The position we're taking is bearish and somewhat more reversible than that taken by Meta, for example.