Dear friends,
I’ve been hearing from people at all levels of seniority about a feeling of job insecurity. High-school students wonder if there will be a job for them, engineers worry about keeping up, C-level officers wonder if they’ll manage to help their businesses transform with AI, and many more. Amid the frenetic pace of AI advancements and multiple sources of geopolitical uncertainty, the future feels less certain at this moment than at any other I recall. In moments like this, I think about what we can build to take advantage of the exciting possibilities ahead. But I also think about what is stable that I can count on, such as community and skills. To those of you who are navigating an uncertain environment, I hope this will bring some comfort.
The frenetic pace of AI advancement makes the future of jobs and of many businesses uncertain. On the business front, the venture investor Chamath Palihapitiya wrote a thoughtful article on how share prices are affected as businesses face disruption from AI. tl;dr. The value of many companies is in the cash flows they are expected to generate in the long term, and if their cash flows might be impaired due to disruption by AI, they become much less valuable.
