Zaid

Now, look, the reality is a lot of these tech companies are probably just course correcting from overhiring following the post COVID boom.

And they're just using AI to kind of cover their mistake and paint a better story for investors.

But we can't just ignore the impact that AI could have on jobs.

One of my favorite tech analysts is Ben Thompson.

He writes a great newsletter called Stratechery.

And in a recent post, he had a very interesting framing of the situation.

He wrote that the positive impact of AI in large organizations won't necessarily be eliminating jobs, but instead it might be about replacing what he called the hard to manage and motivate

human cogs in the organizational machine with AI agents because these AI agents do what they're told and work 24 seven until the job is done.

You know, AI doesn't burn out.

AI doesn't ask for raises and they can potentially get the work done at a faster rate than humans.

I guess we'll have to wait and see.

The rising unemployment for younger workers is a bit worrisome though, I gotta say.

So what's my take here?

Well, I think I'm starting to drink the AI agent hype juice, all right?

I've been playing around with some of these tools like OpenClaw and Cloud Code, and while I'm still trying to figure them out, even in their current state, you can see the potential.

And the thing is, these tools are only gonna get better.

From an investing perspective, the rise of AI agents is making me more bullish on the AI trade, especially the big tech companies and NVIDIA.

The shifted inference is gonna require exponentially more compute.

So all the AI CapEx from big tech companies is likely justified.

And with NVIDIA leaning into CPUs and inference chips, it's hard not to be bullish.