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The era of a major turning point has arrived.
SaaS company stock prices have already experienced a massive collapse.
Software companies may be next.
Chegg, the company that North American students used to use to find homework answers, collapsed rapidly after the release of GPT 4.
Lately, I've been engrossed in using ClaudeCode and OpenClaw. The code written in ClaudeCode can already put all Wall Street analysts and lawyers out of work; more than half will be laid off within three years.
Those once-prestigious, million-dollar-salary jobs for recent graduates will never return.
Those who have built connections and built trust within the industry, reaching VP level or higher, can continue to survive, becoming human intermediaries connecting the old and new worlds in the short term. Almost all education becomes completely useless. Those whose market share will be taken are the current middle and high school students receiving traditional education, graduating and hoping for decent jobs. After graduation, they will find themselves completely crushed by AI with 10 times the efficiency and 2 times the results. This is the new era of real estate, a new generation's plunder of wealth, even the plunder of meaning, from another generation. Humans need rest; working 8 hours, playing 8 hours, and sleeping 8 hours are necessary. AI is cheap, continuously capable, and everything is over.
@dontbesilent12's radical view even suggests that humans shouldn't handle documents, and that notion is a sign of outdated productivity, as sharp as saying Jack Ma shouldn't be sweeping the floor in front of Alibaba.
I'm in Hong Kong these days; friends are welcome to come discuss business and explore AI together.

Really? He's even more eager to get off work than I am.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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