AI is being compared to the internet boom, with many believing it has limitless potential. However, the reality is filled with unreliable startups and inflated valuations driven by hype. Many AI solutions lack substance and are built on weak business models. While AI can transform areas like medicine and logistics, most developments are vaporware and unsustainable. A crash is expected due to this imbalance, necessitating a reset to reveal genuine innovation amidst the hype.
"We're drowning in toxic assets, startups with no revenue, fake demos, AI tools built just to sell AI tools to other people building AI tools."
"The crash is coming. It has to. This bubble is thick with hype and hollow on fundamentals."
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