this post was submitted on 31 Jan 2026
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We are officially at the denial stage of this developing economic disaster.
At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they'll have to hire a lot of people to replace their AI.
They're firing people living HCOL countries, and hiring in LCOL countries, using AI as cover.
A lot of the "AI" layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don't anticipate a lot of them coming back.
IDK, the Altman talk a few days ago sounded a lot like bargaining.
It's OK, these stages are not supposed to be sequential. They can go through them in any order, and even cyclically return to other stages. Even full acceptance can be relapsed from time to time.
See we keep getting told that AI is a great success and also a threat to humanity and that it's going to take over the world in 5 minutes if we're not careful. It has been literally years now and nothing has happened.
If that isn't evidence of a bubble I don't know what is. But somehow the complete lack of any meaningful progress seems to convince people even more
LLMs like what is being overhyped cannot take over the world.
They are not constant-thought processors. They are the most overbuilt autocomplete of all time.
The “take over the world” problem is the capitalists who see dollar signs in automating away humans.
If the current capabilities were enough to eliminate some human jobs, then they aren't coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.
If ai allows the improvements hoped for, it's likely to increase productivity for humanity just like all other major advances did.
It's politics and laws that decide who benefits from it. Under our current systems, wealthy people and corporations benefit, but likey we'll see increasing taxes on ai output and increases in ubi type schemes for people.
AI is a bubble currently but it is an advancement in tech that provides benefit. Just nowhere near the benefit to be actual intelligence.
Human jobs get eliminated by new tech all the time. This just has and will be rapid, which leads to upheaval. Unfortunately, it's precisely at a time when the world is already moving towards war and authoritarianism, so it's particularly bad timing.
The world isn't moving towards war and authoritarianism. It's being pushed there by the very people that own the AI companies.
Do pushed things not move in your neck of the woods?
Being pushed there or going there naturally, it's still moving that direction.