In terms of generative AI, for general use cases, Open AI reported having 11 million paid subscribers last quarter. People clearing paying for Adobe Firefly and Midjourney access. That's already a ton more people finding it useful in day to day life than Crypto ever had.
It is certainly reasonable to suspect that the scale of investments (in trillions of dollars) don't match the scale of the opportunity. But it's a bit silly to pretend that no one is getting any value out of this.
At the end of the day, data centers are 2% of energy use, according to the IEA. That's trending up, but even in couple of years, data center stuff is mostly going to be typical cloud stuff, then crypto, and then a fraction for AI.
It is certainly reasonable to suspect that the scale of investments (in trillions of dollars) don't match the scale of the opportunity. But it's a bit silly to pretend that no one is getting any value out of this.
At the end of the day, data centers are 2% of energy use, according to the IEA. That's trending up, but even in couple of years, data center stuff is mostly going to be typical cloud stuff, then crypto, and then a fraction for AI.