AI made a tiny slice of Silicon Valley filthy rich and left the rest wondering why they bother
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AI made a tiny slice of Silicon Valley filthy rich and left the rest wondering why they bother
According to Menlo Ventures partner Deedy Das, about 10,000 people in Silicon Valley have amassed fortunes of over $20 million thanks to the AI boom at Anthropic, OpenAI, xAI, Meta, and Nvidia. Everyone else feels left behind. Middle management feels hollowed out. Even the winners struggle with a "profound lack of purpose." The article AI made a tiny slice of Silicon Valley filthy rich and left the rest wondering why they bother appeared first o…
According to Menlo-Ventures partner Deedy Das, some 10,000 people in Silicon Valley have built up assets of over $20 million through the AI boom: at Anthropic, OpenAI, xAI, Meta and Nvidia. Everyone else felt lost, middle management looked hollowed out. Even the winners suffered from a "deep-grabbing lack of sense". The article Too rich for the rich: AI-Boom creates a new money elite in Silicon Valley first appeared on The Decoder.
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