Cost of energy will be .... 0. Yup heard that one before. While the Saudi princes be laughing their way to the bank

Founder

Cost of energy and Intelligence will be near 0 by 2030.

What do u think 🤔 on this

Amidst Layoffs Sam Altman says...

Amidst Layoffs Sam Altman says...- Grapevine

Senior Consultant

Welcome to Software Engineers's Private Community

Hi All, I am working as a sde since 6 months. Recently I saw layoff from paytm. So i am in doubt that after a so many hard work in one day company will do layoff and it may be happens that layoff people didn't get the job. At this time people will totally depressed. I want to ask whether majority of layoff people got the job again or not. Suggest is there any long career in this IT industry.

Is there any long career in IT industry

Welcome to News Discussion's Private Community

Why is this happening all of a sudden? Is AI really the reason or something else?
Link to Tweet: https://twitter.com/VicVijayakumar/status/1745623831153127861

Bloodbath everywhere, was Vijay Shekhar right all along?

Software Engineer

Just curious to understand others perspectives.

What will change in the next 10 years

Operations Manager

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

AI is unlike any other past technology revolution. It is going to make cost of intelligence trending toward zero. 

Going by exponential curve of AI growth, in next 3-4 years, we are going to have an AI model which can code better than 95% of coders... 

Deep mind already has model Alphacode which can code better than 50% of competitive coders. 

People are living in fool's paradise by thinking that AI will create massive amount of job.... 

It won't because it will make cost of intelligence near to zero making coding, analyst, consultant, product management job redundant.... 

What takes 100 coders to build a product won't take more 10 coders in few years from now...

Crisis coming for White collar job

That's not what am saying or pre assuming.

But the brain behind those supercomputers h100 and all, who is making LLMs train faster.

GPT 5.0 can do miracles and imagine 8.0 coupled with those 1nm GPUs.

I still believe that not 100% can be replaced but yes 60-70% roles will be redundant.

Top 10% will survive and thrive if ride the ai wave.

What do u think viners?

But this isn't the first time a tech exec has predicted the death of coding.

Jensen Huang says kids shouldn't learn to code — they should leave it up to AI

Coding will be dead soon

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to  day life.... 

We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... 

In that scenario, let's us discuss some scenario :
1. What will be impact on rental yields of tier  1 cities and consequently what will be overall impact on Indian real estate 
2. What would be impact on banking interest rates 
3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. 

My opinion :
1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 

2. We will begin to witness  overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs,  banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 

3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society?  What are things that will still hold value then? 

Don't you think current big techs will become East India Company of future indirectly controlling world's economy? 

I would love to know what do grapevine folks think about the same  !

Discussion about post white collar labour economics

TECH NEWS News: IBM announces substantial job cuts in its marketing and communications division. CEO Arvind Krishna emphasized the company's commitment to upskilling 

Amidst Layoffs Sam Altman says...

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