How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise

I’ve been listening to “The Smartest Guys In The Room” (the definitive book on Enron and their scandal) and one of the ways Enron continued to grow and grow is by setting up a really complicated system of moving debt onto equities off of their balance sheet.

While it was sorta legal (at the time) it was not ethical and led to a massive collapse of the #1 company at the time.

Makes you wonder if AI is in such a bubble. (It is).

When the AI bubble pops, what will happen to the software engineering jobs?

They'll have to come in and redo all the work that people put onto LLMs as actual engineering software. The number of features I've worked on that could have been done with normal computing practices but instead shoehorned in bad AI to make decisions/routing logic is too high.

If it pops, some ai engineers will need to start doing some normal work again, and rest of us... we just continue doing what we were doing for past decades.

Or maybe not, nobody knows the future any more then next guy in line.

There will be a bunch of layoffs and slowly they'll rehire back to pre-hysteria levels. I think the world is still going to need software engineers no matter what but companies will slow down on new features etc in an economic crunch.

free AI credits will be a thing of the past, "productivity" (real or not) will dive and real software engineering will become a moat again.

The ripple effect will be felt hard, as American engineers are squeezed between offshoring and more engineers with Big Tech resumes being released into the market, and returnees go push back wages in their home countries in turn