I also hoped it would crash and burn. The real value added usecases will remain. The overhyped crap won't.

But the shockwave will cause a huge recession and all those investors that put up trillions will not take their losses. Rich people never get poorer. One way or another us consumers will end up paying for their mistakes. Either by huge inflation, job losses, energy costs, service enshittification whatever. We're already seeing the memory crisis having huge knock on effects with next year's phones being much more expensive. That's one of the ways we are going to be paying for this circus.

I really see value in it too, sure. But the amount of investment that goes into it is insane. It's not that valuable by far. LLMs are not good for everything and the next big thing is still a big question mark. AI is dragged in by the hair into usecases where it doesn't belong. The same shit we saw with blockchains, but now on a world crashing scale. It's very scary seeing so much insanity.

But anyway whatever I think doesn't matter. Whatever happens will happen.