AI Used to Save Lives, Now "AI" is a Grifting Scheme That Burns the Planet and Will Crash the Economy
When "the economy" - mostly debt spun as "Credit Industry" like mortgages - is built upon burning lots of fossil fuels not for heat, transportation and comfort but for totally useless slop or fake toil (waste)
What the media calls "AI" (it gets paid to call it that) is the same stuff that could instead be dubbed "algorithms".
Machine Learning isn't a new concept. I learned and used it more than 20 years ago when instead of calling everything "AI" we used more specific and actually meaningful terms, e.g. simulated annealing and support vector machine. We used statistical techniques, which were hardly new, to detect atrophy and we wrote decent technical papers about it, not rubbish marketing like Scam Altman scratching his back side while uttering "superintelligence".
After failing with many buzzwords ("IoT", "blockchains", "4IR" etc.) some fanatical scammers, backed by Big Banks or Big Capital, decided to capitalise on the term "AI". Within a few years almost everything got reclassified as "AI", always because of "vibes" rather than real, objective innovation.
If recent Wall Street growth was dependent on advancements that never truly existed (or were never meant to actually work; they're just hype based on false promises and "wait... real soon now... revolution is inevitable!"), then Wall Street must "correct" itself sooner or later. The tulip plantations/factories of NVIDIA ("GPU bubble") will get wiped [1, 2] and people will recognise nobody needs a "CoPilot" PC with 32 GB of RAM and some noisy GPU to use some text editor (32 MB should be enough) because slop is overrated and it does not even replicate or emulate intelligence, it's just a poorly-done plagiarism mechanism that strips attributions as a prevalent "legal hack". It's a form of collective plunder that impoverishes everyone and encourages idiocracy.
I'm one of the millions of people who learned programming while in school back in the 90s. They told us tech (or Tech, like a religion) was a fast- and always-growing market up until the bubble burst. It was no longer assumed that every coder would find a place in "the industry", and not because of so-called 'vibe coding' or energy-hungry slop disguised as "AI". It was just an unrealistic assumption - the one that cushioned "market rallies" until the prevailing delusion became unsustainable; the "snooze" button (like corporate and government bailouts/subsidies for so-called 'AI' companies) didn't work anymore. █
Image source: Antero-posterior radiograph of Skull