Crypto lost 1,000 jobs to AI since ChatGPT launched—but gained them back from other sectors, says a16z report
Ever since AI supplanted crypto as the shiny new toy in Silicon Valley, there’s been no shortage of jokes about workers jumping ship. New data from prominent venture capital firm Andreessen Horowitz (commonly referred to as a16z) shows that the truth is more complicated.
In its annual state of crypto report released on Wednesday, a16z found that since the launch of ChatGPT in November 2022, around 1,000 workers left the crypto industry for AI startups. But, in that same time period, blockchain companies gained the same number of employees from other industries, including traditional finance and tech.
“People forget that the collapse of FTX and the launch of ChatGPT were less than a month apart”, said Daren Matsuoka, a…
