David Sacks

By the way, just on this AI washing point, there's a trial lawyer named Donnie King.

He's a securities litigation partner at a firm called Ackerman.

He and his colleagues have started to warn that we could start seeing shareholder lawsuits

against companies that engage in this type of AI washing because he thinks it's a type of puffery, right?

Because essentially what the company is doing is attributing their own non-performance or their operational issues to AI when in fact there are real problems in the business and therefore it could be a form of securities fraud.

Oh, yeah, that's the website builder.

Yeah, I mean, you can build websites with Claude.

Yeah, the whole website business is challenged, yeah.

Well, I mean, it's pretty long.

I will read it.

This is today's May 28th.

This broke at 925 this morning.

I think it's really interesting that this lawyer thinks there's so much AI washing going on that he thinks it could constitute securities fraud and he's warning clients not to engage in it.

But look, J. Cal, you're like the last person who hasn't gotten the memo on this.

There was a huge narrative shift this week.

Sam is backing off this.

Even Dario's walking it back.

You got the Goldman Sachs CEO.

You got the explosion in job postings.

Everyone's coming around to the idea that the job apocalypse is massively overblown.