GoKawiilEgan-Jones warns AI could sharply disrupt professional services and venture returns
Credit rating firm Egan-Jones published a commentary titled 'It's Over,' arguing that AI capabilities have crossed a threshold enabling widespread adoption that will disrupt hourly-billed professional services and senior talent roles. The firm predicts compressed margins in professional services, lower venture capital returns, and short-term pressure on home prices as screen-based jobs are affected. It also forecasts a new business model where highly successful firms operate with very few or no employees.