Part 6/10:
Eli mentions that the ongoing trade war between the U.S. and China is exacerbating uncertainties. These tensions, coupled with the "AI bubble"—a term he seems to use to describe the overheated AI investment and hype—are shaping tech industry strategies. The layoffs are viewed by Eli as part of a larger trend where companies cut costs amid geopolitical uncertainties, economic slowdowns, and market skepticism about AI's promises.