AI is simultaneously overhyped and underhyped, alleges Dagogo Altraide, aka "ColdFusion" (technology history YouTube channel). For AI, we're at the "peak of inflated expectations" stage of the Garter hype cycle.
At the same time, tech companies are doing mass layoffs of tech workers, and it's not because of overhiring during the pandemic any more, and it's not the regular business cycle -- companies with record revenues and profits are doing mass layoffs of tech workers. "The truth is slowing coming out" -- the layoffs are because of AI, but tech companies want to keep it secret.
So despite the inflated expectations, AI isn't underperforming when it comes to reducing employment.
AI deception: How tech companies are fooling us - ColdFusion
