That's like saying war is bad for the construction industry because there won't be any demand for real estate development.

War is extremely lucrative because there will be "reconstruction" contracts once the dust settles. For McKinsey, these are equivalent to "restructuring" businesses after economic recessions.

Trillions were lost in the March 2000 dotcom collapse and the September 2008 crash. McKinsey, Bain etc emerged unscathed. There's plenty of business to go around even if the economy is in shambles.

It seems to me that these CEOs are all-in on the bubble. They're simply not worried about inflating the tech beyond it's real value.

They'll force it down people's throats and then claim that they have tons of users. They don't even both trying to sell the idea that their product is good for humanity. They're doing their level best to kill art, to kill journalism, to kill medicine, to end the job market as a source of opportunity...

Let's be clear: the AI playbook is the same playbook SV always has. Get a lot of people to come in and look around, then lock them inside and start to exploit them for your gain. It's just the scope of the control they seek now is orders of magnitude more than they ever have before. They are trying to convince people to stop thinking for themselves, to stop doing art, to stop valuing art, and in general, for the engineers and employees they've already locked into their power structure, never to question that this is the way of the future