That's why i used the sugar example - it's starting to be demonstrably harmful in large quantities that are being used.
I am against preventative "harmful" laws, when harm hasn't been demonstrated, as it restricts freedom, adds red tape to innovation, and stifles startups from exploring the space of possibilities.
Starting?
After that, VC had become more like PE, investing in stuff that was working already but needed money to scale.
This is VCs FOMOing as global-economy-threatening levels of leverage are being bet on an AI transformation that, by even the most optimistic estimates, cannot achieve a tiny portion of the required ROI in the required time.
It's not like this isn't following exactly the same hype cycle as every other technological transformation.
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It's certainly an open question whether the providers can recoup the investments being made with growth alone, but it's not out of the question.