.... so what? the technology exists, the models exist. Even when the bubble bursts things will not go to the state "before AI". Even if model development would stop today (not the worst thing to happen) it would still be the most impactful invention since the printing press
I guess the point is that without the hype subsiding it enshitification will ensue.
Yes, that’s what the author wrote in the second sentence of the post: "AI is here to stay."