Those two phenomena can be true at the same time.

Those two are not contradictory.

AI companies could never make any money (statement about the future, and about AI companies, and finances). And AI could be having a visible effect on hiring today (statement about now, and about non-AI companies, and about employment).

They don't have to both be true, but they do not inherently contradict each other.

In 2000 a lot of internet companies went under while the internet had a huge impact on business and wider society.