What makes it tick is probably a more interesting question to me than to the AI skeptics. But they can't stop declaring a special quality (consciousness, awareness, qualia, reasoning, intelligence) that AI by their definition cannot ever have and that this quality is immeasurable, unquantifable, undefinable... This is literally a thought stopper semantic deadend that I feel the need to argue against.
Finally, it doesn't make money the same way Amazon or Uber didn't make money for a looong time, by making lots of money, reinvesting it and not caring about profit margins for a company in its growth stage. Will we seriously go through this for every startup? It's already at $10-20b a year at least as an industry and that will keep growing.