Author likens generative AI to alchemy scam, criticizes industry greed

By PulseAugur Editorial · [1 sources] · 2026-05-26 20:11

The author criticizes the current state of generative AI, comparing it to historical scams like alchemy where valuable resources were traded for little gain. They argue that AI promoters are turning valuable culture into "slop" and that venture capitalists are destroying real value in pursuit of growth. The piece highlights a sentiment that many AI leaders lack the ability to build functional products, instead relying on hype and financial maneuvers. AI

IMPACT Critiques the generative AI industry's focus on hype over substance, suggesting a potential devaluation of cultural assets and a reliance on financial speculation.

RANK_REASON The item is an opinion piece criticizing the AI industry.

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Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] · 2026-05-26 20:11

So much of modern living reminds me of the fables I was told as a child. An emperor with no clothes. A boy who cries wolf. The family cow traded for a handful o

So much of modern living reminds me of the fables I was told as a child. An emperor with no clothes. A boy who cries wolf. The family cow traded for a handful of beans. In this light, the historic scam of alchemy -- claiming the ability to turn base metals into gold -- is quite a…

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COVERAGE [1]

So much of modern living reminds me of the fables I was told as a child. An emperor with no clothes. A boy who cries wolf. The family cow traded for a handful o

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