I agree with this but I think it's still an open question if anyone can build a successful product on top of the tech. There will likely be some but it feels eerily similar to the dot com boom (and then bust) when the vast majority of new products built on top of this (internet) technology didn't produce and didn't survive. Most AI products so far are fun toys or interesting proofs, and mediocre when evaluated against other options. They'll need to be applied to a much smaller set of problems (that doesn't support the current level of investment) or find some new miracle set of problems where they change the rules.
Businesses are definitely rearranging themselves structurally around AI - at least to try and get the AI valuation multiplier and Executives have levels of FOMO I've never seen before. I report to a CTO and the combination of 100,000 foot hype combined with down in the weeds focus on the "protocol de jour" (with nothing in between that looks like a strategy) is astounding. I just find it exhausting.
Businesses are definitely rearranging themselves structurally around AI - at least to try and get the AI valuation multiplier and Executives have levels of FOMO I've never seen before. I report to a CTO and the combination of 100,000 foot hype combined with down in the weeds focus on the "protocol de jour" (with nothing in between that looks like a strategy) is astounding. I just find it exhausting.