That's possible, sure. But I think the answer is more likely in the numbers, not in just qualitatively saying AI isn't worth anything. Like if I pay $30k for an ounce of gold, I got value. Gold is worth something. But that amount of gold wasn't worth what I spent.

EDIT: In fact, parent comment has a link to some numbers.

[EDIT: Most] people don't want to go through the numbers. Ok. But there's a history here. When people don't want to see the numbers, certain kinds of things tend to happen.