Because the tech industry hasn’t had a real hit of it’s favorite poison “private equity” in too long.

The industry has played the same playbook since at least 2006. Likely before, but that’s when I personally stated seeing it. My take is that they got addicted to the dotcom bubble and decided they can and should recreate the magic evey 3-5 years or so.

This time it’s AI, last it was crypto, and we’ve had web 2.0, 3.0, and a few others I’m likely missing.

But yeah, it’s sold like a panacea every time, when really it’s revolutionary for like a handful of tasks.