David Sacks

And this industry is very dynamic.

But you have to look at what is the data that we have so far in the current situation.

And we do not see data that supports massive job loss.

You can cite this layoff or that layoff, J-Cal, those are anecdotes.

And the plural of anecdotes is not data.

If you look at the actual data like Yale Budget Lab did, they said no discernible disruption in the labor market in the last three years.

Due to AI, they've done a comprehensive study.

You look at job postings for software engineers, it's up 15% year over year.

Job postings for software developers have hit a new three-year high, despite the fact that coding is the single breakout use case of AI this year.

So if AI has not caused job elimination for software developers, what category has it caused?

I mean, code is now the number one use case, I think, of AI in the enterprise.

Okay, Bill Gurley, I'm going to let you chime in here.

You've got two besties saying, hey, this is all hogwash.

It's AI washing.

These jobs were just, you know, the strategy, obviously, in Silicon Valley was to hire- They needed a scapegoat.

They needed a scapegoat.

They hired two years ahead of time, billed for the future, and it was a vanity metric, and you were blocking talent from working on other startups or competitors.

That's the thing.

Hold on.

Yes, that was the explicit strategy from Google.