It is not just that. Companies that already have lots of users interacting with their platform (Microsoft, Google, Meta, Apple ...) want to capture your AI interactions to generate more training data, get insights in what you want and how you go about it, and A/B test on you. Last thing they want is someone else (Anthropic, Deepseek ...) capturing all that data on their users and improve the competition.

Because it can, will and has increase productivity in a lot of fields.

Of course it’s a bubble! Most new tech like this is until it gets to a point where the market is too saturated or has been monopolised.

Yeah literally every new tech like this has literally everyone investing in it and trying lots of silly ideas. The web, mobile apps, cryptocurrencies, doesn't mean they are fundamentally useless (though cryptocurrencies have yet to make anything successful beyond Bitcoin).

I bet if you go back to the printing press, telegraph, telephone, etc. you will find people saying "it's only a bubble!".

I don't think people had the concept of a bubble at the time of a printing press.

That whole Danish tulips thing taught us about bubbles a pretty long time ago, when the printing press was still getting popular.

That happened like nearly 200 years after the printing press arrived in Europe.

I qualified it with this:

>was still getting popular.

I think it was very well established 200 years later. There weren't a lot of illuminated manuscripts being made in the Netherlands in the 1630s.

*dutch