[thephyber]

It was a social panic. AI PR convinced tech execs that companies who didn’t adopt AI as a significant part of their workforce would fall behind (and in capitalism that means they lost market share and revenue). Investors likely put pressure on execs to do this in addition to the AI PR campaigns. FOMO is chasing the carrot you see everyone else getting, but this was more like chasing the thing that supposedly deters the stick.

It’s also worth mentioning that it still might be the right business strategy for some companies / industries. We are only 3 years into the revolution of AI for business processes and in previous revolutions there were riots, sabotage efforts, factories still being created in the style of the previous revolution, etc.

[dgellow]

I think it’s a mix of all of this. I don’t believe one reason explains the whole mania by itself (not sure why you’re getting downvoted, your comment reads reasonable to me)