Comment Re:Adding one more to the list! (Score 0) 75
For a lot of tech companies the end game is to have a successful IPO to generate the massive returns that the angel investors are gambling on. Having a CEO that can identify a market to serve with a reliable product the company can deliver is one way of doing this, but neither of those are easy. Another way is having a CEO that lie through their teeth to get everyone else to believe they've done that is another and it's much easier to do and there are no end of scoundrels willing to do it. In five years they'll have moved on from AI to whatever the next hype wave the industry has decided to collectively ride.
It's not psychosis at all. The CEOs likely know more than the average slashdotter. What might look like psychosis is much more reasonably explained by the chase for stock bonuses. AI-heavy companies like Nvidia and OpenAI would lose most of their value if AI popped, and their CEOs would lose many billions of dollars. They need to promote a rosy AI future because their they would drop from insanely rich to merely extremely rich otherwise. Even companies like Google, Apple, Meta, Amazon, and Microsoft feel the need to promote AI because they envy the stock returns of the pure-AI companies.
What do the CEOs know? That some AI domains are already extremely successful (e.g., factory monitoring and maintenance), selectively successful (e.g., financial analysis, ads), or soon to be successful and life-altering (e.g., medical diagnosis, medical treatments). Some domains are mostly not currently successful and have murky outlooks (e.g., software coding). Some domains are intended to enable future domains (e.g., frontier models) or pursued as halo projects. The people who hail AI as the precursor to the singularity and the people who deny all current AI successes are both blind.