Comment by toomuchtodo

It is free for you to say this, because if you're wrong, there will be no consequences. Words are cheap. No different than various CEOs saying "AI will replace these workers" and now having to hire back those they laid off. Klarna, Salesforce, etc. Will be a great comment to reference in the future to capture the exuberance of the times.

Companies Are Laying Off Workers Because of AI’s Potential - Not Its Performance - > The AI premium isn’t even reliable. By late 2025, Goldman Sachs group Inc. found that investors were actually punishing AI-attributed layoffs, with shares falling an average of 2%. The analysts concluded that investors simply didn’t believe the companies. But Block’s surge shows the incentive hasn’t vanished. It’s just a lottery instead of a sure thing. And executives keep buying tickets.

> The broader data confirms the gap between narrative and reality. A National Bureau of Economic Research study published in February surveyed thousands of C-suite executives across the US, UK, Germany and Australia. Almost 90% said AI had zero impact on employment over the past three years. Challenger, Gray & Christmas tracked 1.2 million layoffs in 2025, and AI was cited in fewer than 55,000 of them. That’s 4.5%. Plain old “market and economic conditions” accounted for four times as many.

So! Sophisticated capital market participants don't believe this; why do people here?

AI is making CEOs delusional [video] - https://www.youtube.com/watch?v=Q6nem-F8AG8

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