Comment by panick21_

The argument that a buyer can't verify quality is simply false. Specially if the cost of something is large. And for lots of things, such verification isn't that hard.

The Market for Lemons story is about a complex thing that most people don't understand and is to low value. But even that paper misses many real world solution people have found for this.

> The user cannot differentiate between sophisticated machine learning applications and a washing machine spin cycle calling itself AI.

Why then did people pay for ChatGPT when Google claimed it had something better? Because people quickly figured out that Google solution wasn't better.

Its easy to share results, its easy to look up benchmarks.

The claim that anything that claims its AI will automatically be able to demand some absurd prices is simply not true. At best people just slap AI on everything and its as if everybody stands up in a theater, nobody is better off.