There's a very real possibility that we end up with a bunch of companies simultaneously realizing that they just don't have any good ideas to leverage AI on and rushing more code out the door doesn't lead to tangible value. Many execs are going to realize that they're no longer growth companies and that paying $500k a year for engineers no longer makes sense...

If that's the case, then I do expect the AI bubble is going to pop spectacularly next year as token budgets are going to collapse. The damage to the tech industry is going to be catastrophic. If you think the job market is bad now, wait until data center spending goes off a cliff.