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The author argues that the AI industry is driven by hype and speculation similar to a speculative economy, criticizing companies like Anthropic and OpenAI for contradictions between their stated values and actual practices while warning businesses against recklessly overspending on AI technology without proper evaluation. Drawing from extensive personal testing experience, the author contends that most AI implementations lack genuine practical value and that the current enthusiasm around AI ignores evidence-based assessment in favor of inflated valuations and promises.
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