Why AI Is A Scam

The AI craze may be the next dot com bubble

Rod T. Faulkner
3 min readMay 19, 2024
Image credit: Smile Studio AP via Shutterstock.com

All the grandiose promises big tech is making about AI is a scam.

We are looking at the formation of another tech bubble not seen since the dot com bubble and bust of the late ‘90s.

Remember the dot com bubble?

In the mid to late ‘90s, all every dudebro dot com startup founder needed was a wisp of an idea to become flush with venture capital and investment funds.

Never mind having an actual viable product or sustainable business. See Pets.com and Flooze.

These dot com businesses received millions in capital, with many of their founders and C-suite executives becoming insanely rich - until the bottom spectacularly fell out.

Well, nothing new is under the sun.

After the “metaverse” and VR/AR reality became the latest tech buzzwords to buzz in and out, big tech has now landed on AI.

AI is everywhere and in everything it seems.

Since the debut of OpenAI’s Chat GPT, Businesses are rushing to integrate AI into their processes and operating systems in a bid to keep up with competition.

Classes are now being offered in “Prompt Engineering.”



Rod T. Faulkner

Proud Blerd. I write about sci-fi, fantasy, and other areas of interest. Founder of EYE ON SCI-FI Podcast. https://bio.site/eyeonscifi Chocolate lover.