On slide 6, they list the Mag7 stocks (not defined in a foreword), but on slide 8 they list the free cash flow (FCF) of a somewhat different set of companies. Why not stick to the Mag7 FCF only? It muddies the waters.
True. This slide also struck me the most, but for the data it shows. Free cash flow for all the hyperscalers basically evaporated in the last couple of months, with Oracle in the minus. What does this mean?
Yes but the Mag 7 is the main focus, suddenly switching to a different set of companies is comparing apples to oranges. That slide belongs in an annex.
Brand value of the ‘prestigious’ law firms will still count for something in the minds of C suite executives (who of course will ensure they themselves are not trampled on by AI). The same dynamic will likely happen with high-powered consulting, big 4 audit/accounting firms and so on, even if inside those companies it’s just a shell of its former self.
In parallel, local models are getting better and better, so eventually they’ll get “good enough” to run fairly cheaply at a level close to the current Sonnet/Opus models (what I run Claudeclaw with), on Groq, Openrouter or whatever commodity provider. Perhaps even mid to high end consumer PCs when the current RAM madness subsides.
There’s loads of good discussions about local LLMs in this thread:
In a similar boat. I’m running “ClaudClaw” a clone of Openclaw to enforce discipline in my limited free time to get an AI agency off the ground, in order to try to escape the miserable corporate grind. On the one hand, it’s a massive productivity boost, on the other hand, this tech is going to further hollow out the middle class everywhere and make so many people redundant. I don’t have the luxury to simply quit and focus on it full time.
Leaving your job has a different sense of finality now. When time comes to look for a new job, will the job even exist anymore? Makes the risk calculus a bit different. Maybe there won't be mass unemployment, but even a modest increase in SWE unemployment could make it so much harder and more stressful to find a job.
We’re already seeing the impact of AI in the jobs market for junior devs, and in marketing and more. So there’s unquestionably going to be a rough adjustment period. My thought on it is to build something concrete that I own, and take advantage of the disruption of possible, instead of being crushed by it.
I’m seeing loads of posts in the likes of /r/n8n where people are figuring out how to do the jobs of multiple people with just one person, using workflows built and enhanced by AI. Copywriting, cross posting on social media, blogging, cold email outreach, fully automated user generated video content, running Facebook and Insta ad campaigns, google ad campaigns and more. All this can can be done once you nail down a solid workflow, powered by the likes of n8n, Claude code etc.
