There is a mystery though still - how many people fall for it and then stay fell, and how long that goes on for. People who've followed directly a similar pattern play itself out often many times, and still, they go along.
It's so puzzlingly common amongst very intelligent people in the "tech" space that I've started to wonder if there isn't a link to this ambient belief a lot of people have that tech can "change everything" for the better, in some sense. As in, we've been duped again and again, but then the new exciting thing comes along... and in spite of ourselves, we say: "This time it's really the one!"
Is what we're witnessing simply the unfulfilled promises of techno-optimism crashing against the shores of social reality repeatedly?
Why are you assigning moral agency where there may be none? These so called "grifters" are just token predictors writing business plans (prompts) with the highest computed probability of triggering $ + [large number] token pair from venture capital token predictors.
I personally wouldn’t go that far, but I would say he’s at least riding the hype wave to get funding for his company, which, let’s be honest, nobody would care about if we weren’t this deep into the AI hypecycle.