overestimate

The real risk is timing: overestimating job losses, underestimating the long, quiet rewiring already under way, and overlooking the jobs created in the backbone.

The whirlpool is massive, and I seriously overestimated how far I could jump.

That’s a reference to the Dunning-Kruger effect — you know, the tendency of those willfully or unalterably ignorant to vastly overestimate their abilities and/or intelligence.

The Dunning-Kruger effect is the tendency for people to overestimate their level of knowledge in a subject they know little about.

Even real productivity enhancements have a price, and it could be that the hyperscalers and AI companies have overestimated the potential revenue that companies will be willing to spend on the technology.