I would trust his word FAR more than I would Matt Shumer, who's a paid shill.
Yes, automation (by which I include various kinds of AIs, as well as software as a service and a great deal of what would be considered algorithmic software) is eroding what jobs COULD at least partially replaced, but here's some the reality:
* For the most part, consumers are not adopting AI at noticeable levels, and in many cases are actively moving away from it, seeking out alternatives.
* OpenAI in particular will never be profitable. Not now, not in ten years, not in fifty (assuming it even survives to ten years old). Investors are hitting pause, and a lot of the money that's been committed is now being held back, even with the threat of contract breaches.
* Vibe coding hit its peak about a year ago with the introduction of the agentic tech. Now most of that code is being ripped out because it is unmanageable, has egregious bugs, and is a massive security risk (I work on tech that's intended to ground AIs, but even given that, I'm dubious about CodeGen beyond creating relatively simple frameworks).
* AI is being adopted in the coding field as well as asset generation, but those tend to be low hanging fruit.
* AI does not do appreciably better in detecting cancers or other diseases than your average layman, and usually fares worse than doctors do.
* Some forms of AI (not generative) are being used for biochemical and genetic research. This is not what the GenAI folk are peddling.
* Many businesses that made a splash by firing their development teams to boost their stock prices have quietly been trying to rehire them, not always successfully.
* The regulatory world is finally catching up to the Tech Bros, and questions are being raised around the circular financing that looks an awful lot like Lehman Brothers, et al, in 2008.
* Most of the big tech stalks have seen their share prices drop significantly in the last six months. I don't think we're going to have a panic crash, but I do see the air leaking out of the balloon.