In hindsight, the Humane AI Pin — shuttered and its assets sold to HP earlier this year — was but one canary in the coal mine. The AI hype after ChatGPT’s spectacular debut in 2022 was never going to last forever. And 2025 is the year the cries of AI doubters became louder than the hype merchants.
The MTI study, which found that 95% of companies are failing at making generative AI work for them, was the first big crack in the facade. It spawned numerous stories, including ours, about whether AI companies have been over-promising the capabilities of AI. This narrative hasn’t quite gone away, amplified by OpenAI’s increasingly desperate attempts to solicit funding to justify its massive investments in a bid to reach the holy grail of Artificial General Intelligence (AGI).
OpenAI isn’t the only one in this race. Google, Meta and Musk’s xAI startup are also putting huge sums in AI infrastructure, and doubling down on a brute-force ap…
