On the one hand, replacing software devs with AI is enormously profitable, on the other hand bad-actors can distill these models with industrial attacks and undercut pricing or release an open model... how does it all play out ? idk.
There's always a weird quiet interlude. Bear Sterns hedge funds went under in 2007 and then things went quiet. The crypto hedge funds blew up and SBF spent the summer saying he was going to bail everyone out. The damage is happening beneath the surface of the market.