Cannibalism

If you’re not in tech you might not realize just how much of a panic has set in among the C-suite and investor class in the industry. Everyone is, of course, putting on a brave face, but as fears of a SaaS-pocalypse persist and a fictional financial analysis on Substack caused a real sell-off in markets, it’s hard not to see the sweat on everyone’s brows. Meanwhile, CEOs and CTOs are falling over themselves trying to position themselves as visionaries, with the likes of Jack Dorsey, Sebastian Siemiatkowski, and Matt Biilmann each trying to out-AI-pill one another. Of course, one has to wonder how much of this is AI-washing and how much of it is intentionally eye-catching hyperbole, but these are just the most extreme and visible tip of a very large iceberg. It’s hard not to enjoy the bitter irony, here. The tech industry once revelled in disruption. Whether it was Uber wiping out the taxi industry, Amazon destroying traditional bookstores, or Spotify wiping out artist revenues, time…