It's quite region-specific, I think. The big SV tech companies have slowed hiring, and some are doing layoffs. And, obviously, they're global companies so that's had some impact on the rest of the world.

But apart from that, is there really so much of a problem?

In London, there seems to be a bit of a boom going on - in both established tech and the startup scene. The EU is, as ever, a mixed bag but there doesn't seem to any sort of rout even in places like Dublin which are most exposed to the US. India seems to be doing well, as does China. The Gulf states are hurting - perhaps due a downturn in the influencer & crypto markets, but just as likely a result of the US war on Iran.

If the pain is concentrated in the US, then it's most likely a result of local political or economic conditions rather than some sort of global AI apocalypse.