AI Hype Needs Mass Layoffs

Added: 2026-06-02

[00:00:00]So, in order to justify these valuations, then they have to say, "All right, there's going to be massive cost savings or efficiencies." [music] And there's some examples. I think Meta Meta has just announced new layoffs because of efficiencies they're getting with AI targeting.

[00:00:13]So, one or two things needs to happen in the next three three years. Either these companies' valuations need to be cut by 50 or 70% or you need a massive destruction in the labor market that creates tons of efficiencies that their customers can then flow to the bottom line. And I think what the CEOs are saying is that there's going to be massive [music] efficiencies. I also think that you sound more interesting and it makes your technology sound more [music] seminal when you say it's changing the world and we don't know how to control it.