Generative AI is a bubble fueled by hype and unsustainable practices. ChatGPT's popularity, with claimed huge user numbers, does not equate to profitability or meaningful industry impact. Reporting often exaggerates the significance of generative AI, leading to inflated valuations and unrealistic revenue projections for companies like OpenAI and Anthropic. Current offerings, like Deep Research and other models, serve primarily as expensive, low-quality products, underscoring a trend of financial losses and operational inefficiencies. The narrative around generative AI is driven more by investor hype than actual utility, creating an unstable economic environment and a potential crash.
The Generative AI Con
