Authority is the right word, nothing in this is about actual products or traditional economic value.

It's feudal (or crook) impression economy. That "AI" is liked by people who can afford to continuously waste money on it. Such schedules are liked by the same people. They are the "Silicon Valley elite" or whatever.

I've read once a description by Russia's ambassador to Persia during Qajars how this historically worked.

So - Qajar Persian court, they've received, say, 2 (I don't remember, maybe 6) modern (for that moment) Russian cannons as a gift. What do they do with the cannons? The cannons stay with the court and are shot for fun at an empty ground with no aim, while the whole court and the monarch moan "ja-a-a-n" with every shot.

It's the same. The oligopolization of tech has made these people so much money and connections with other such people who have money, that they don't care about results at all. It's all shared impressions of what they "already have". They don't have to "run to stay on the same place". They don't have to compete - they collectively own search, social media, what we use instead of pen and paper, everything.

Or a more traditional example (I might have gotten the years wrong, but I think the idea doesn't suffer) - a bunch of knights in XV-century tournament armor are not a very good army compared to cuirassed musketeers with a wagenburg and actual discipline, but the societies are built the way that those real soldiers are very rare, expensive and present only in select important areas during real honest-to-god war. While on their tournament the gentry may pretend it's still XII century and they are competing in useful things.