Why the $25B generative AI mania might be a bursting bubble
A Cointelegraph analysis warns that the generative AI hype is showing classic bubble symptoms after raising over $25B in the first half of 2023. Startups are burning funding just to stockpile scarce Nvidia GPUs rather than building product moats. With ChatGPT traffic slipping and API wrappers laying off staff, the market may face a reality check.