> I think this is a minor speed bump and VC’s believe that cost of inference will decrease over time and this is a gold rush to grab market share while cost of inference declines.
It could also be that you give too much credit to the market. People follow trends because in most cases that makes money. There is no other deeper though involved. Look at the financial crisis, totally irrational.
This. Post-crypto, AI was the obvious next gambit for VC. Their money flows to hype, not product. The second that hype starts to fade and the money dries up, VCs will be running with their Harold Hill trunk full of cash toward the border. Just from the content they publish alone you can tell they're channeling their inner Barnum & Bailey in between Ayahuasca seizures.
It could also be that you give too much credit to the market. People follow trends because in most cases that makes money. There is no other deeper though involved. Look at the financial crisis, totally irrational.