It almost feels like AI is a hype and is used by the NFT/blockchain/crypto/web3 grifters as yet another vehicle to grift people right into their graves. Fun times.
It's true that in the early years, much of the investment was public money—but the above still stands.
Personally I used to love Markov Chains, Kalman filters, Supervised learning, etc. and resent the fact that people called it AI. But LLM has nothing but hate from my heart. Ironically, I love that people call it AI, and do so enthusiastically my self. A bad and hyped up technology deserves a bad and hyped up name.