1) Doesn’t make him wrong, and his thesis is looking more and more correct every day

2) The bullish AI side is full of grifters and folks that were block-chain and NFT “experts” before they became AI “experts.” 99% of the folks in AI know almost nothing about AI apart from thinking it’s cool and having played around with it a bit.

The folks that correctly call BS on a thing tend to not be deep in the thing. Thats how they see things that are completely obvious to anyone but those so deep in they can’t see what’s right in front of them. That’s playing out big time right now with AI.

The only folks that don’t see a massive AI bubble ready to burst right now are those that have drunk so much Kool-Aide that they long since stopped having any clarity in judgment.

The implosion of “situational awareness” last week due to a complete lack of situational awareness that most Wall St pros called total amateur hour is a textbook case of this unfolding.