> Comparisons between AI and crypto are horribly misguided IMO.
Nope. The hype around AI by the AI bros is totally similar with the crypto bros back then.
> AI/ML is creating utility everywhere in our lives - speech to text, language translation,
recommendation engines, relevancy ranking in search, computer vision...
Yet I guarantee that you don't trust any of their outputs for any serious applications and you need to constantly check for it's reliability since its output is often wrong, inaccurate or even outright nonsense. You don't trust it yourself, which that is the problem of this entire hype cycle.
On top that, it is all at the expense of the planet getting incinerated with no efficient alternatives to counter the amount of extreme waste of resources that these systems are consuming. [1] [2]
> Crypto never amounted to anything beyond a currency for black market transaction, a vehicle for speculation, and a platform for creating financial scams.
'never'
So Moneygram, Stripe, Checkout.com, etc using it is 'never amounted to anything'? If it was only for financial scams, all of them would have stopped using it a long time ago.
They simply didn't because financial scams on a transparent public ledger is a scammers nightmare and sounds like a very poor platform for creating financial scams.
But maybe you need to look outside of the AI bubble and see the trillions of dollars in which the banks have allowed in actual black market transactions by criminals in the FinCEN files [0] which is nothing compared to crypto.
[0] https://www.standard.co.uk/tech/ai-chatgpt-water-usage-envir...
[1] https://www.nytimes.com/2020/09/20/business/fincen-banks-sus...
[2] https://gizmodo.com/chatgpt-ai-water-185000-gallons-training...