Betting on AI would be "hire some AI engineers and see what they can do", not "get rid of some engineers and see what happens". I think what you mean is "scapeg

Betting on AI would be "hire some AI engineers and see what they can do", not "get rid of some engineers and see what happens". I think what you mean is "scapegoating AI". I think there's also a pinch of "we've run out of ideas / high margin projects" or "we're tired of funding 'platform 2.0' projects that end up creating more problems than they solve". But generally I agree with your assessment. Especially the Musk effect I think gets underplayed.