AI is a technology, the housing market in the mid 2000s was propped up by fraud deception and knowably unsafe financial engineering. There is a degree of fraud

AI is a technology, the housing market in the mid 2000s was propped up by fraud deception and knowably unsafe financial engineering. There is a degree of fraud in AI startups but not nearly to the degree there was in other boom/bust businesses like crypto. Even if AI progress were to stop now, the productivity benefits of existing LLM’s still haven’t fully spread.