Though in those cases while there is confusion, the outsized investment factor didn’t figure in. The value proposition was more in line with realistic possibilities with the respective technologies. Smart phones may not have been that smart, but plenty capable to land in every pocket and be both a rich revenue stream in and of themselves as well as an onramp to ‘app store’ revenue and a goldmine of private data.

The LLMs have value, but I’m skeptical it justifies all the very large and very weird financial shenigans going on with nonsensical depreciation claims, crazy loans, and circle jerk of money going out to a customer to let the customer give it back for product…