Well yes, there is tons of AI bullshit about and all sorts of scammy behavior, but I don’t think that says anything at all either way about whether the core technology is a “scam”, theranos-style. In fact I’m not sure how it could be otherwise: of course there’s going to be all sorts of hype and scamming around a novel, rapidly-progressing and potentially transformative tech like this, even if it works.

If you want an analogy, look at the history of the early railroads. Full of hype, bullshitters, scammy investments, robber-barons, unrealistic promises, and with their own legion of naysayers at the time. Yet the core technology worked and it did transform the world in the end.

Jargon isn't a scam. I get more and better work done with AI, to my own satisfaction and to the benefit of my employer. People using dumb terms to describe this doesn't make it less true.