> consumers and companies paying AI ridiculous sums for AI.

VCs are paying ridiculous sums for AI. Consumers are not - we get tokens subsidised by VCs.

> if this is all a bubble

Interesting to see that revenue growth for both Anthropic and OpenAI has levelled off recently. Once this fact percolates through to the VCs, it's going to cause problems. All those valuations are based on projections of vastly greater revenue than they're getting now (and, ofc, achieving AGI and "winning" everything immediately that happens). This is looking less and less likely - the current batch of AIs are very, very, useful tools, but as we learn how to use them commercially they're not generating those limitless revenues that were anticipated.

This tech, like all the rest, will go through the Gartner Hype Cycle, and that includes the Trough of Despair where it all looks shit and the bubble pops. I think we're approaching that rapidly.