Yep, none of the promised and already priced in revenue from AI has even begun to materialize. In many places, AI simply doesn’t fill the promised use case, and in the few where it has a use, a lot, if not all of the money “saved” is spent in vetting the results. The few places where it saves some money as a tool are far from the probably trillions in revenue they priced in.

I wonder when the first larger investors will get cold feet. As long as they circlejerk themselves to new records probably not. But all it takes is a spark at this point