I mean, yes, "sophisticated" people, including institutional investors, do fall for scams. See SBF, Theranos. These scams are often most effective when there's

I mean, yes, "sophisticated" people, including institutional investors, do fall for scams. See SBF, Theranos. These scams are often most effective when there's mania and FOMO about a technology that everyone seems to be saying is amazing and will make them rich, in spite of the current evidence, which sounds a lot like AI.