The AI Hype Train: How Long Until the Brakes Are Applied?

The past few years have seen an explosion of hype around AI, with businesses integrating it into products with mixed results. Apple has delayed its AI portfolio due to poor performance, and consumer research shows ambivalence or even hostility towards AI-integrated products. Intel admits its AI chips aren't selling, and cloud providers are slowing AI datacenter deployments. Despite this, the hype continues, fueled by daily announcements of breakthroughs and massive investment in companies like OpenAI, which despite a $30 billion valuation, lost $5 billion last year. This unsustainable model relies on pushing AI into every product until a profitable niche is found. The vague definition of 'AI' further inflates the hype, with everyday software marketed as AI. Eventually, like previous tech bubbles, the AI hype will likely subside, forcing a reassessment of its actual value and practical applications.