Why Our AI Hypecycle Keeps Eating Itself

By Martyn Rhisiart Jones
For Energy Unplugged – a Cambriano partner

Walk through any tech conference today, and you can feel it: the hum of inevitability. AI will cure diseases. It will drive cars and write novels. AI will run governments. If you believe the BS booth graphics, it will probably solve loneliness, too.

The problem is, we’ve been here before.

Artificial intelligence has been promising to change everything since the 1950s. And every decade or so, we rediscover the same fundamental truth: machines don’t magically create wisdom. They just scale whatever understanding, or misunderstanding, we feed them.

I know this because I spent years building the early stuff. Neural networks, parallel distributed processing, and automatic feature extraction. The “deep learning” of 1987 with less RAM and worse haircuts. The technology was exciting, even miraculous. But back then, as now, it struggled to live up to the grand claims that surrounded it.

And today, the hype is louder than ever.