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This is a very harsh and bleak view on the current generative AI craze. Clearly it survives on some sort of weird faith that things will magically improve. Some decision makers clearly run fully on said faith and lost all kind of realistic view of the situation. They are just very disconnected from the user's needs.
There's even a funny quote in there: "Generative AI must seem kind of magical when your entire life is either being in a meeting or reading an email".
When this bubble bursts, it's hard to predict what the fallout will be on the tech industry... for sure it won't be pretty. It also begs the question: what is this industry going to do next? There's clearly no plan after generative AI.