{"id":226508,"date":"2025-05-06T10:07:18","date_gmt":"2025-05-06T10:07:18","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/is-ai-a-giant-con\/"},"modified":"2025-05-06T10:07:18","modified_gmt":"2025-05-06T10:07:18","slug":"is-ai-a-giant-con","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=226508","title":{"rendered":"Is AI a Giant Con?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p class=\"\"><em>Hey Scott,<\/p>\n<p>I read an article by a leading researcher named Ed Zitron who debunks the hype around AI. He points out that, while companies like OpenAI claim their technology is revolutionary, they\u2019re burning billions in losses. Even the mammoth Microsoft has poured in $13 billion and is still not seeing real profitability. Despite all the buzz, AI still struggles with accuracy, and most businesses aren\u2019t making money from it. Zitron argues that AI\u2019s biggest success so far is convincing investors it\u2019s the future \u2014 while users are realising it\u2019s often unreliable and expensive. So, is AI really the game-changing gold rush we\u2019ve been told it is, or is it just another overhyped tech bubble waiting to burst? Should we be more skeptical about its long-term potential?<\/p>\n<p>Daniel<\/em><\/p>\n<p>Amen, brother!<\/p>\n<p>AI is so overhyped it\u2019s making the crypto bros blush.<\/p>\n<p>Still, that\u2019s just how the tech world works \u2014 every few years, it falls madly in love with the Next Big Thing, only to ghost it when a shinier obsession comes along.<\/p>\n<p>Remember when 5G was going to change&nbsp;<em>everything<\/em>? Medicine, smart cities, your morning coffee \u2014 nothing was safe from the revolution. At Apple\u2019s 2020 iPhone 12 launch, they dropped the word \u20185G\u2019 sixty times in one presentation!<\/p>\n<p>And now?<\/p>\n<p>No one gives a G.<\/p>\n<p>The people making serious money in AI right now are companies like Nvidia (selling computer chips), cloud computing giants, and consultants convincing companies they \u2018need\u2019 AI even if it doesn\u2019t do much for them.&nbsp;<\/p>\n<p>Now, don\u2019t get me wrong \u2014 AI is a fundamental technological shift.&nbsp;<\/p>\n<p>Yet here\u2019s the reality:<\/p>\n<p>ChatGPT has been around for less than two years. That\u2019s toddler-aged technology. Impressive at times, sure, but it\u2019s still eating glue and struggling with basic tasks.<\/p>\n<p>The real breakthroughs?&nbsp;<\/p>\n<p>They\u2019re probably 20 years away \u2014 when AI grows up, stops making stuff up and actually gets context, and businesses figure out how to turn it into real profit.<\/p>\n<p>Yet that won\u2019t stop Wall Street from pumping the bubble today.<\/p>\n<p>Exhibit A: At the recent iPhone 16 launch, Apple couldn\u2019t stop saying \u2018Apple Intelligence\u2019 \u2014 about as often as they dropped \u20185G\u2019 four years ago. Just don\u2019t ask Siri to set two timers at once. She\u2019ll short-circuit like a 2001 Dell running 37 Chrome tabs.<\/p>\n<p class=\"\">Scott<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Hey Scott, I read an article by a leading researcher named Ed Zitron who debunks the hype around AI. He points out that, while companies like OpenAI claim their technology is revolutionary, they\u2019re burning billions in losses. Even the mammoth Microsoft has poured in $13 billion and is still not seeing real profitability. Despite all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":104158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[8315,2471],"dealstore":[],"offerexpiration":[],"class_list":["post-226508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-con","tag-giant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is AI a Giant Con? - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=226508\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is AI a Giant Con? - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Hey Scott, I read an article by a leading researcher named Ed Zitron who debunks the hype around AI. 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