It’s also interesting because the whole SV model assumes demand which goes way down if a genuine AI enters the market and starts cutting into middle class jobs. There aren’t many ads targeting low-wage workers, not nearly enough to support the tech sector.
They either lack that foresight and are completely oblivious of that limitation (the Dunning-Kruger effect), or they're lying shamelessly to manipulate the market in the hopes cashing out in the end, sort of like a pump-and-dump scheme or a pyramid scheme. Based on many of their track records I wouldn't be too surprised if both effects are at play, reinforcing each other.
