I disagree with Charlie Stross's comparison of the hype surrounding AI applications to the cryptocurrency bubble. He suggests that much of the AI hype is driven

I disagree with Charlie Stross's comparison of the hype surrounding AI applications to the cryptocurrency bubble. He suggests that much of the AI hype is driven by the same grifters and hucksters that were previously involved in the cryptocurrency market. While both industries have seen a surge in investment, they are fundamentally different. Cryptocurrencies were based on speculative investments with little intrinsic value, whereas AI has the potential to revolutionize many industries and improve human lives. Charlie's skepticism and pessimism towards AI startups seems misplaced, as there are already many successful AI applications in use today. While caution is always advised when investing, writing off the entire AI industry based on comparisons to cryptocurrency seems shortsighted.