The vibes around the current AI boom aren’t great, even in the tech industry, according to a lengthy social media post from Menlo Ventures partner Deedy Das.
Das described San Francisco as “pretty frenetic right now,” as “the divide in outcomes is the worst I’ve ever seen.”
Using a “back of the envelope AI calculation,” he projected that there are around 10,000 people — founders and employees at companies like OpenAI, Anthropic, and Nvidia — that have “hit retirement wealth of well above $20M,” while everyone else worries “they can work their well-paying (but
Plus, “layoffs are in full swing,” and “many software engineers feel that their life’s skill is no longer useful,” leading to confusion about the best career paths and “a deep malaise about work (and its future),” Das said.
This prompted some eye-rolling on X, with entrepreneur Deva Hazarika arguing that “most of the people in this post” are “incredibly fortunate and can simply make a choice to be happy.”
Another user suggested it’s “pretty damn novel & also kinda nasty” that in the current cycle, “the same technology is both the lottery ticket & the thing eating your fallback.”
The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I’ve ever seen.
Over the last 5yrs, a group of ~10k people – employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders – have hit retirement wealth of well above $20M (back of the envelope…
A chieftain of the All Progressives Congress, APC, Joe Igbokwe, has expressed confidence that President Bola Tinubu will not rig the 2027 presidential election to secure victory.
Igbokwe, who made this known in a post on his official Facebook page on Tuesday, said Tinubu, the APC presidential candidate, would win the election through goodwill.
He maintained that the President's good deeds would earn him the support of Nigerians at the polls.
He wrote, "PBAT will not win the 2027 elections by rigging. It is not in the cards. He will win the elections by good will.
"Every good thing you do has a reward some day. There is always a payday for good people God has used to touch lives. PBAT fits in."
Igbokwe's remarks come amid the controversy surrounding comments by some opposition figures warning against electoral manipulation ahead of the 2027 general elections.
DAILY POST recalls that a former Deputy President of the Senate, Ovie Omo-Agege, recently sparked controversy when he declared that anyone who attempts to rig the forthcoming election could die.
The comment triggered widespread reactions, with some members of the ruling APC calling for restraint and warning that such statements could incite violence.
Described as the youngest Igwe Plateau State has ever had, his coronation is being celebrated as a new beginning for the Igbo community in the state.
The new traditional leader has pledged to unite the Igbo community, promote peaceful coexistence with their host communities and contribute to the development of Plateau State.
Earlier after the election in his acceptance speech, Nwosu thanked members of the Igbo community for their overwhelming support and pledged to unite the various factions while promoting peace, harmony and cooperation.
He called on members to put their differences aside, stressing that no society could achieve meaningful development in an atmosphere of division and rancour.
Nwosu also reaffirmed the community’s commitment to contributing to Plateau State’s economic and commercial development, while expressing readiness to partner with Governor Caleb Mutfwang’s administration.
Similarly, the President-General of the Igbo Community Association in Plateau State, Chief Chidi Onah, congratulated Nwosu, describing his election as a demonstration of unity among Igbo-speaking people.
Onah called on members to rally behind the new traditional leader, noting that the community must speak with one voice and work together to advance its collective interests.
The ceremony attracted representatives of the six Igbo-speaking states, as well as representatives of the Council of Chiefs representing Igbo communities across Plateau State.
Other special guest present were the Chief of Bayelsa and Senior Special Adviser to the Plateau State Governor on South-South Affairs, Hon. High Chief Seigha Smooth Ebide, and Hon. Ikenna Mbanefo, former Special Adviser on Igbo Affairs to the immediate past Governor of Plateau State.