I think FAANG-like big IC offers right now are flying around for technical people familiar with the current hot "AI" methods. A lot of hype, a lot of situational ethics around copyright, and some investment scams, but some of the tech is ready for legitimate things people want to do, at acceptable quality levels for the application.
Also, one thing that happened early in the dotcom gold rush is that a ton of people swarmed in, all suddenly acting like experts and professionals, with little/no prior experience. Meanwhile, Internet people who were also prolific programmers were, like, who are all these people, and why do many of them have fashionable eyeglasses like nerds would never try to pull off. I don't know how much we'll see something like that this time.
agree 100% with this nice comment from a fellow dot-com crash observer.
Many HackerNews readers are young'uns who are seduced by FANG salaries, and the latest AI/ML bandwagon. They dont have the perspective one gets having seeing the highs and the lows.
I can bet there will be another rude awakening around the corner which will wipe out the "pretenders". After the dot-com bust, many pretenders left the silicon valley with anecdotes of leased BMWs abandoned at SFO airport.
After the AI/ML hype deflates, there is likely to be a similar separation. Folks in it for real will be separated from the folks who came in for the riches.
And for the history-buffs this rhymes with the CA gold-rush circa late 1800s - some found it, most didnt, levis profited selling denims to them.
Also, one thing that happened early in the dotcom gold rush is that a ton of people swarmed in, all suddenly acting like experts and professionals, with little/no prior experience. Meanwhile, Internet people who were also prolific programmers were, like, who are all these people, and why do many of them have fashionable eyeglasses like nerds would never try to pull off. I don't know how much we'll see something like that this time.