Stock market valuations of various companies, especially software companies have tanked as analysts speculate that AI will disrupt them.
Maybe people are spooked by examples such as Chegg, whose whole business has more or less been made redundanct by ChatGPT:
I suspect this is a massive over-reaction.
That said, even such AI narratives are creating pressures for companies, in my role, we are facing cost pressures and basically are told to spend less on consultants and hiring and instead use AI…
Half a century ago I was running a small IT department
One of our directors came in and said he had seen a BBC science where people were speaking to computers and asking questions and said he wanted to do the same.
This was a computer that could only handle integers and did division by multiple subtraction.
It did have a panel of bulbs so one could watch the subtraction in action.
I foresee a lot of companies moving to AI based decision making followed by bankruptcy.
Edit: Rubbish in, rubbish out in spades
AIs lack “Having feet on the ground”
overreaction but I like it 
I made a silly bet on sustainable basket few years ago, it didn’t lost it’s value per se, but lost it due to inflation and moreover due to unrealized potential (but true, that we don’t count for items means for diversification), it has jumped over 100% this year, so finally paying off. I’m chewing on the decision when to re-balance it before the fear of AI gets over
