100% spot on. The whole article. This sentence is the most accurate thing that I have read about AI and its proponents so far. "most of the hype around AI is a deliberate showman’s spectacle all for the sake of juicing up maximum venture capital investment during the peak bubble phase."

I do freelance editing work frequently. AI produced gibberish has flooded the writing, webpage design,, and academic worlds. The only English word to describe what these large-language models produce is "gibberish." However, it is worse than gibberish, because AIs have no way to distinguish fact from fiction. So it is gibberish filled with lies (and plagiarism). It cost billions of dollars, years, and gigawatts of electricity to get these things to repeat nonsensical statements and outright lies in a writing style that is completely illegible. At least they never miss a punctuation mark, misspell a word, or make a grammatical error while producing their mendacious gibberish. So there is that.

I am very familiar with AI, because I am flooded with requests and offers to edit AI content every day, which I refuse to do, because no amount or quality of editing can make any sense of it. From what I can see, no one in the West uses it, except to make images. The users of AI, so far, almost all come from India and Pakistan, and most of these are hustlers trying to pawn off AI-produced garbage to American and European small businesses or 3rd tier academic journals. So far, enabling some Indians and Pakistanis to hustle some money off of Europeans and Americans is about the only real-world application of AI that exists.