18+ pluralistic OP , 2 months ago

AI hype keeps the bubble inflating, and for so long as it keeps blowing up, all those investors who've sunk their money into AI can tell themselves that they're rich. This is the essence of "a bezzle": "The magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it":

https://pluralistic.net/2023/03/09/autocomplete-worshippers/#the-real-ai-was-the-corporations-that-we-fought-along-the-way

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