The Dot-Com Bubble did collapse but progress continued without the hype(1) you can buy dog food affordably on the the internet now, though the big money is artisanal dog food marketed toward wealthy elites. That may be the future for AI in 25 years also. For now, while AI is still a long way off, tasks that academics considered challenging for LLMs, like the 2020 Multitask Language Understanding (MMLU) benchmark designed to evaluate ability using 57 topics, are now easy for the private sector to master.
China to spend 7% more on defence amid a widening graft purge in the military The Straits Times
from news.google.com