A lot of them are actively talking about how it could be a bubble and the implications. No one is going to be surprised. Billionaires are just really hoping they can make it work before the bubble pops

what really is lacking is now more hardware dedicated to single user sessions to improve quality of output with the current models

That is the exact opposite of my opinion. They’re throwing tons of computing at the current models. It has produced little improvement. The vast majority of investment is in compute hardware, rather than R&D. They need more R&D to improve the underlying models. More hardware isn’t going to get the significant gains we need

I wouldn’t have a problem if they were actually investing the money in something useful like R&D

Nearly all the investment is in data centers. Their approach for the past 2 years seems to be just throwing more hardware at existing approaches, which is a really great way to burn an absurd amount of money for little to nothing in return

AI is here to stay. AI is also in an unsustainable bubble. Both things are true

investment bankers are the worst

Lawyers are even worse T.T