Comment by KronisLV

> The current AI tech has opened up paths to develop applications that were impossible just a few years ago.

My argument is that if it's advertised as a direct precursor to AGI based on wishful thinking and people don't know any better, then it's no different to claims about how putting blockchain technology in X industry will solve all of its problems.

I use LLMs daily and don't scoff at AI generated imagery or use cases like agentic systems, but there absolutely is a similar hype cycle to every other innovation out there where people are borderline delusional in the initial stages (Kubernetes will solve all of our issues, moving to cloud and microservices will solve all of our issues, the blockchain will...), before the limitations crystallize and we know what each technology is good or bad at.

Though maybe that says more about human nature than the technology itself.

> It's very different from crypto, the main use case for which appears to be money laundering.

That's akin to saying "The main use case for AI appears to be stealing people's art and even for writers and others it seems to be firing people to replace them with soulless AI generated slop."

I'd even argue that there's nothing wrong with the technologies themselves, be it LLMs, AI for image, video, audio generation, blockchain and crypto, or whatever. The problems arise based on how the technologies are used, or in my argument above - how they're touted as the solution to all the problems. Some people profit a lot, others collide with reality and their limitations at speed.

In other words, if the technology will generate 100 billion USD of actual value but people are betting on 500 billion USD, then clearly we have a bit of an issue.