It seems like companies really went all in on AI based solutions to as many problems as possible. I understand the hype from people like Nvidia who obviously have a horse in the race, but why does every company seem to have a vested interest in AI succeeding? Is it just as simple as the prospect of cutting a wage bill?

Ultimately, yes. Probably some nuance, but yes.

It’s mostly about being seen to be onboard with the latest bullshit trend in order to appease investors; either your own investors, or your customer’s investors.