There’s an extraordinary amount of hype around “AI” right now, perhaps even greater than in past cycles, where we’ve seen an AI bubble about once per decade. This time, the focus is on generative systems, particularly LLMs and other tools designed to generate plausible outputs that either make people feel like the response is correct, or where the response is sufficient to fill in for domains where correctness doesn’t matter.

But we can tell the traditional tech industry (the handful of giant tech companies, along with startups backed by the handful of most powerful venture capital firms) is in the midst of building another “Web3”-style froth bubble because they’ve again abandoned one of the core values of actual technology-based advancement: reason.