I think this is the right sentiment. I know a handful of AI startups that have raised 10's to 100's of millions. All of them were crushed with gpt-3 and subsequent models. None of them have any real revenue, have crazy burn rates with their compute spend, and generally haven't proven any value with their AI platforms. Most seem to be working on tech to find a problem rather than the inverse. Funds are throwing money on ideas.. that haven't panned out for years now. I worked with one and they were spending 10's of millions per researcher on AI compute... which makes sense if it's directed but most of the researchers were just running off on their own and the company hoped one would figure something out. Very disorganized for the stacks of cash being spent. Similar things have happened in the Cyber Security field just at a lesser scale.

But hey, Nvidia is investing in companies.. to spend money on Nvidia .. infinite money glitch!