The AI industry is a grift so big that it's really hard to explain it to people not familiar with the tech industry.

Yes, Google is perfectly aware their AI-powered search is way worse than their "classic" mode.

Yes, Apple knows their integration with chatGPT is flaky and ads nothing useful to their products. And

They.

Don't.

Care.

Because the goal is not making their products better, the goal is to ride the hype wave so the investors are happy and their stock price keeps growing.

That's almost entirely what's powering the AI industry.

It's a multibillon dollar grift. One so big and so obvious that most people think they have to be missing something, that they don't understand something that makes everything to make it makes sense as a business.

No. That's everything. It's pure snake oil selling.
@javi I thought crypto was a bubble & would be gone by now, yet here we are. 🤷‍♀️
@Nazani @javi This is crypto rebranded. They even get to reuse the same hardware (GPUs) and the main pusher (nvidia) gets to keep selling them.

@dalias @Nazani @javi My personal conspiracy theory about all of this is that that's the whole point.

A lot of people bought Nvidia stock during the nft bubble and then had to create the ai bubble to keep the stock price up long enough for them to sell out. Only now the ai bubble looks like it has legs, so some of them decided to stay in.

@octorine @dalias @Nazani @javi

"This time it's different!!!" is the core slogan/belief/delusion of every bubble. So of course the people involved have convinced themselves "sure, crypto was empty hype (I believed in at the time), but now the AI hype is completely real because that means I'm investing my money/resources/tulips wisely and I want to feel wise therefore it must be true!"