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A critical opinion piece argues that the AI industry is a speculative bubble fueled by circular investments among companies like OpenAI, Nvidia, and Oracle, with no real profit or sustainable growth. It endorses Ed Zitron's view that the hype is unsustainable and that the technology's value is overblown.
George Hotz argues that the AI industry's 'doom' narratives are a deliberate tactic to justify inflated valuations, contrasting technical progress with hype-driven fear and calling for accountability.
Questions the mismatch between SpaceX's valuation and revenue, suggesting it might be the biggest bubble in history.