The sales pitch is:

All your competition is going AI. They're be producing 10x the work with mouth breathing morons at the keys, while you're stuck paying millions to subject matter experts.

They're scared ot death that the tenuous hold they have on their market segment will be severed if their competition outflanks them in this, so FUD wins.

Someone else can output more slop than us!

Yeah, that isn't how this works. You don't want to be the one using the software while it's still in beta. Wait until the dust settles before committing to anything. Besides which the super-urgent "You have to buy now!" FOMO sales pitch is a classic strategy for scammers.

That's because they bought into the pitch that AI will replace employees (or at least large number of employees) they understand that they will still need to build tooling that would facilitate that and believe that once other companies will say they eliminated employees this way the companies that are "are left behind" will be stuck still needing employees that will catch up to this plan and refuse to help company to get there.

on the grift since its basically a rehashed version of crypto.

The 3rd or 4th "industry expert" tells them that things are "moving fast" and things that were impossible months ago are now reality. It's designed to make them distrust their own subject-matter experts. They thing, ohh POTV, they're just not educated and up to speed.

Yeah. Local LLM stuff is great when you want to shove a huge pile of documentation into a model trainer and make a more intelligent search. Two of my vendors have implemented it, and it's more useful than a traditional indexing search tool, though you do have to verify the results (which is not much more effort since with a search you'd have to skim the document to find the info it matched anyway).

But for general "do everything" tool, yeah no. It can't read and understand your entire database, codebase, business process, etc.

also the environmental damage, noise pollution,,,etc its causing that the dot com dint cause.

That's sacrilege.

The're apex predators, they don't blame anyway, just mass layoffs due to non-profitability ()

non-profitability(){  
       if CEO_makes_less_money_than_they_want();  
                return true;  
       return true anyway because fuck the proliariat  
}  

Yeah, I'm glad you woke up there. They will always find a way to blame the developers.

they will just lay off more people to stave off the debt, and then to hold the industry to gether outsource, and hire only some senior devs while ignoring entry or juniour level people.