@_thegeoff if I may, a real-life article I cannot stop posting where relevant explaining more about how this belief happened (and I think is the best explanation so far):
https://softwarecrisis.dev/letters/llmentalist/
I first thought that these were just classic cases of tech bubble enthusiasm [... but] the believers in the “AI” bubble sound very different from those of prior bubbles [...] This specific blend of awe, disbelief, and dread all sound like the words of a victim of a mentalist scam artist—psychics
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