Comment 1st + 3rd are bubbles -- not 2nd (infrustructure) (Score 1) 75
1st Bubble -- Yes, there is a lot of money invested into so many companies rapidly building AI products and, mostly, retrofitting old things. Obviously, they cannot all be winners.
2nd Non-Bubble -- In spite of a lot of failed projects, there will be more project and there is already too little infrustructure for the demand. For example, Microsoft 365 Copilot is clearly a weak GPT model but vastly under powered (easy to notice if you use it). The first wave of AI companies will have some winners and a lot of loosers but there will be wave after wave after wave because there really is so much unexploited potential.
3rd Bubble -- Indeed. Most of these products are boasting capabilities they don't really have. Maybe they do, marginally. For example vibe coding. It looks so incredible but there are numerous problems making it largely useless in real world situations. For example, it overstates what it does and often cheats (by hard coding or pretending). Second, it breaks down as projects become larger or more complex. The context windows just are not big enough. These tools can be used effectively but it takes a lot of time and practice trying things to figure out how to do that. I am aware of multiple companies that fired developers thinking AI could do their jobs only to have to hire them back, later.