It is becoming increasingly obvious that the gpt-4 gold rush is the biggest waste of money and resources since the dot com crash.

There was a time when the dot com bubble crashed due to overspending on unproven first generation internet technologies. Fast forward to today, equally unproven first generation AI applications are being implemented at an alarming rate by the big tech companies. The number of companies pushing out AI applications left and right is growing exponentially every day. AI hype is driving most of them to push out products before they are ready. The majority of them are more flash than function. There is a severe lack of quality and a huge emphasis on figuring out how AI can help their bottom line. Furthermore, the conservative venture capital investors who were responsible for keeping a check on the dot com bubble are now responsible for funding AI startups left and right, giving products like gpt-4 gold rush enormous amounts of capital and giving them the ability to throw money around like there is no tomorrow. But there is a tomorrow and there will be an even more severe crash first.