AI seems to be ruining every single major thing that drove economic growth for the past 4 decades. PCs, the Web, software in general, high-capacity servers, Raspberry Pis and so on. The next thing to be affected will probably be smartphones. All of these things are foundations of profitable businesses right now and we are destroying them on the mere promise to get to some idiotic utopia in the future.

AI is a nothingburger, it's just the latest capital flight. Undeployed capital needs to go somewhere and this time it's AI, last time cryptocurrency, before that metaverse. One might reasonably ask why these bubbles keep getting bigger and bigger and the answer to that is almost entirely USA government policy which is to squeeze labor and expand capital at every opportunity.