The especially stupid side of the hype usually goes to comical extremes before the crash. That's where we're entering now. There's nothing else to fluff the AI bubble and they're getting desperate. A lot of people are earning a lot of money with the hype machine, as when it was all @ and e-bullshit circa 1998-2000. Trillions of dollars in market cap are solely riding on the hype. Who are the investors that were paying 26-30x for Microsoft's ~10-12% growth here (if they can even maintain positive growth considering)? Who's buying the worn out and washed up Meta at these valuations (oh man, did you hear they have an image hosting service called Instagram from 2010, insane tech)? Those same people are going to lose half of their net worth with the great valuation deflation as the hype lets out and turns to bearishness.

The growth isn't going to be there and $40 billion of LLM business isn't going to prop it all up.

The big money in AI is 15-30 years out. It's never in the immediacy of the inflection event (first 5-10 years). Future returns get pulled forward, that proceeds to crash. Then the hypsters turn to doomsayers, so as to remain with the trend.

Rinse and repeat.