I bet anything China, Russia, and Iran are those so-called cybercrime groups. Check this BlackHat talk about catching the (at the time) biggest ever card fraud guy. Russian oligarch son. Guess what, he was one of those returned to Russia in an exchange with the Trump admin as part of "peace negotiations".
Cyberattacks are part of the low level war they are also waging via dragging anchors to cut Internet cables, throwing drones and jets into NATO airspace, and ofc disinformation campaigns.
So yeah they are leveraging the cybercrime aspect to further weaken USA / NATO / The West / Tolerant Inclusive Democracy.
not actually supported by real consumer demand
I work at one of the big companies involved in this situation. All I know is, we cannot deploy solutions fast enough for the number of customers we have much less the rate at which demand is growing.
Many are startups and many are big companies still doing pilot projects. It all could go away. But it is not just VC dollars and George Forman AI Grills; at least for the Fortune500 types, there is an awful lot of actual business efficiency being realized or they would not keep sending us money and requests for more capacity/lower latency
The value of a program is proportional to the weight of its output.