The AI Bubble: A GPU-Fueled Mirage?

This article delivers a scathing critique of the current AI industry, arguing that it's a bubble fueled by massive capital expenditures on GPUs, primarily benefiting NVIDIA. The author contends that most AI companies are unprofitable, with hyped applications failing to deliver significant revenue growth or practical business value. He points to the deceptive marketing around 'AI agents' and the media's complicity in perpetuating the illusion of a thriving AI market. This fragile ecosystem, reliant on continued GPU purchases by a handful of tech giants, is poised for a significant collapse, potentially impacting the entire tech sector.