Like Zitron says in the article, we’re 3 years into the AI era and there is not a single actually profitable company. For comparison, the dot-com bubble was About 5-6 years from start to bust. It’s all smoke and mirrors and sketchy accounting.
Even if/when the AI hype settles and perhaps the tech finds its true (profitable) calling, the tech itself is still insanely expensive to run and train. It’s going to boil down to Microsoft and/or X owning nuclear power plants, and everyone else renting usage from them.
People are making money in AI, but like always, it’s the founders and C-suite, while the staff are kicked to the curb. It’s all a shell game and everyone that has integrated AI into their lives and company workflows, is gonna get the rug pulled out from under them.