This morning, I read a LinkedIn post by Bryan Creely, who writes about career management and job hunting. (I highly recommend his work, btw).
I feel that this quote summarizes the whole thing:
They spent the last 3 years scaring us into believing we were about to go the way of the dinosaur.
And now they’re walking back that narrative and beginning to rehire for roles they eliminated due to AI.
That’s what pundits do, prognosticate, then shift, following the zeitgeist where it leads. That’s the case with AI. When they were selling AI to corporations and investors, it was all about replacing workers. That most jobs were going to be replaced by AI. But, anyway, as I expected, AI’s costs turned out to be more than estimated. I believe the abrupt rise in costs caught many companies completely off-guard, though I don’t think it was hard to predict. I wasn’t exactly right on my reasons, but I expected that token costs would have to go up. So, yay me.
Not too surprising, but we haven’t heard these pundits acknowledge their error or overestimation. Yet they are quietly walking back a lot of the hype. Better than a bursting bubble, though I’m not sure we’re out of the woods on that possibility yet.
One additional thing: I think those hyping AI were stunned by the way the public went negative on them. They seemed truly stunned by crowds of college grads booing them, by protesters at hearings for proposed data centers, and by the bipartisan nature of it all. But, really, your messaging leaned on the redundancy of most of the working population, and not-so-subtly hinted at mass unemployment and other such things. Add in electricity costs, and how the price increases are being pushed onto the communities these things are in, environmental costs, and it is so obvious that this was going to be the outcome.
So, it makes me feel better that we’re stepping back some from the irrational exuberance before this thing exploded. Yeah, I’m not convinced we’re free of the bubble collapsing, though my hope is that it’ll gently fizzle and deflate. I can be hopeful, after all.
Let me end with this comic from Pascal Bornett.
