I think the mechanism behind that is fairly simple. AI is a massive hype, and companies could attract lots of investor money by slapping the word "AI" on things. And group dynamics makes the rest of the companies to want in, too.
this post was submitted on 07 Apr 2025
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reminds me of how during the crypto hype, a lot of companies just added "crypto" or "blockchain" to their names and saw their value skyrocket for a short time.
Yea, I dunno. Seems investors like buzzwords more than anything else. I'm not really keeping track, but I remember all the crypto hype and then NFTs. I believe that has toned down a bit.
I hope these companies all fail. Nothing of value would be lost.