Hard to see this as anything other than a hang over from ZIRP. Yes, it makes total sense if you've got a billion dollars to throw at an AI start up that you can

Hard to see this as anything other than a hang over from ZIRP. Yes, it makes total sense if you've got a billion dollars to throw at an AI start up that you can start just throwing absurd sums of money at engineers. Especially if you've convinced yourself (and your investors) that one of these companies is basically going to own the singularity. What's worrying though, is this looks like a sort of wave of feedback loops. We go through these hype cycles, we had the uber economy, we had self-driving eating the world, we had crypto replacing the USD. And each hype cycle has gotten larger, and closer together. Each hype cycle more grand than the rest - this hype cycle is basically promising the end of the world. What happens when these technologies do deliver something - but not the singularity. What is the next hype cycle? Or do we finally face a real, massive bust, where investors have gotten so burned at this point that they really do start walking away from these stories.