My take. AI is real, and will always be with us. But the investment in it has more hype value than intrinsic value.
AI providers are losing immense amounts of money on this. The absurdly overpriced NVDA chips, massive cost of space and power, and totally inefficient current method of generative AI is a loss-leader. They are trying to scale into a permanent moat, as did Amazon (successfully). MSFT and GOOG might make it. But many others will not.