Or it could go the way of people's dreams for mainstream consumer crypto in 2016.
Every business desperate for a boost in cash (and a pool of desperate LinkedIn posters) are pretending that they just invented machine learning in the last 18 months.
"AI" has become synonymous with either "snake oil" or "desperate marketing".
That might help pump the stocks of these companies, but government picking winners isn't necessarily a good thing for consumers.
The government has sunk billions into EV incentives for instance, but consumers are currently struggling with inflation for essentials like food and shelter. A slightly cheaper EV isn't really a priority for many, which explains why EV inventories are piling up.
Immediate, short-term perception of value doesn’t matter for long-term strategy.
I suppose we’ll see in 2-3 years how many businesses maintain their newly found focus on “AI”. I’m betting that the organizations that aren’t employing internal teams training their own models will drop off quickly.
A lot of companies are just throwing together an interface to OpenAI and praying for the best. Long-term this won’t work. Users will eventually demand 100.0% data accuracy.
The current valuation of Bitcoin has nothing to do with whether business models attempting an inclusion or pivot to crypto was successful because most businesses completely dropped their attempts.