AI World is the same right now, but more aimed at VCs.
Most of the cool projects outside of FAANG are, like, lone starving devs aggregating stuff, or sometimes a research paper that kept on hacking at their repo.
Many of the projects getting investor money are startups with fancy web pages full of promises that look strikingly similar to crypto hustles. Maybe they have another SOTA huggingface finetune that probably has some lies in the card.