The reality is thus: the people in charge either have no plan, or see no path forwards other than keeping their heads down. [...] The world’s organisations have been captured by people in the throes of frothing excitement, and saner people who now live in a state of constant commingled fear and frustration.

Not much to say here other than "yeah, I have felt the same for quite a while now."

Executives that tell the press that their company has gone insane will quickly find themselves removed from their positions. Employees who are honest will find themselves fired in short-order, or “randomly” selected for a round of layoffs. In fact, it is in the interests of almost every actor in the space – boards, executives, employees, vendors, consultants – to obfuscate and misrepresent the success rate of AI projects. Many publicly traded companies are putting out announcements about their AI productivity gains when I know for a fact that the businesses have done nothing other than purchase Copilot licenses and declare victory.

A long read but extremely worth your time.

It has become outright dangerous to even raise the possibility that AI might not be the solution to a problem, let alone be the sole focus of a company’s entire strategy.

In every sufficiently large business we have observed (say, with 500+ employees), we have noted that continued advancement, and increasingly continued employment, has started to require repeated professions of belief in the transformative power of AI for said business. I am not talking about providing ideas about how to use AI in the business – I mean religious profession, declarations of faith.

The final section of the essay -- "Navigating AI Mania" is, imo, crucial reading in this era of, well, AI mania. Funnily enough, I'd call a lot of this pretty bog-standard labor organization tips, but tailored for the AI regime. It's good reading -- if you don't want to read this whole thing, at least read that final bit.