Amazon is set to announce its largest layoffs in company history, with plans to cut as many as 30,000 corporate jobs starting Tuesday. This move is part of a broader cost-cutting strategy initiated by CEO Andy Jassy, reflecting ongoing challenges in the tech industry and a shift towards embracing generative AI.

The article discusses the current state of AI technology, highlighting concerns of an impending bubble and the desire for AI to become a normalized, less volatile technology. It contrasts the excitement and unpredictability of emerging AI capabilities with a longing for a time when technology is stable and relies on established practices rather than constant innovation. The author reflects on past tech crashes and envisions a future where AI is integrated into society in a more conventional manner.

The article discusses the current state of the tech and AI industries, comparing the economics of AI companies to those of the oil industry, and explores the concept of an "industrial bubble" in the context of AI infrastructure investment. The author critiques the traditional tech playbook, suggesting that the high costs and uncertain payoffs of AI development resemble those of heavy industries rather than the previously golden economics of tech startups. Ultimately, the piece reflects on the implications of this shift in business dynamics.