I would also say that big tech companies (at least MSFT, Apple and Meta) are consciously all-in in this game. There is nothing else to drive "disruptive" growth in their ovens, and many tech stocks were already going down in 2022 pre-ChatGPT.
If AI fails to deliver its promises or fails to do so in the short timeframes implicitly proposed by the ecosystem, I expect dark times in terms of growth for the tech industry at least for a while.
Anecdote: As a on-off tech shopper dealing with some big providers from time to time, I can sniff the reek of desperation when trying to sell GenAI stuff. And that's weird.
If AI fails to deliver its promises or fails to do so in the short timeframes implicitly proposed by the ecosystem, I expect dark times in terms of growth for the tech industry at least for a while.
Anecdote: As a on-off tech shopper dealing with some big providers from time to time, I can sniff the reek of desperation when trying to sell GenAI stuff. And that's weird.