# The AI Apocalypse and Valuation Problem

Technology or a cult?

- **Source:** [George Hotz](https://geohot.github.io/blog)
- **Published:** 2026-06-21
- **Topic:** [Data & AI](https://brifing.si/c/data-ai)
- **Original article:** <https://geohot.github.io//blog/jekyll/update/2026/06/21/the-doom-justifies-the-valuation.html>
- **On Brifing:** https://brifing.si/s/39309ae7-a1de-414e-a74f-401521722e7e

## AI and Cultural Impact

In San Francisco, AI discussions have become more of a cultural phenomenon than a technological one. This focus on hypothetical future values rather than actual technological progress has led to the industry's valuation being based on potential rather than current achievements.

## Technical Progress and Hype

Models like GLM-5.2 and GPT-5.5 demonstrate the technical progress of AI. However, blogs from companies like Anthropic exaggerate this progress, emphasizing AI's future potential and overshadowing its current state.

## Valuation and Hype Relationship

The AI industry's valuation relies more on hypothetical future values than on current technological achievements. This approach, driven by hype and fear, overlooks the real progress being made in the field.

## Media and Panic

AI discussions seem optimized to create panic in the media and public. This focus on future potential rather than current achievements skews the industry's valuation and raises questions about its sustainability.

## A Sustainable Future

For the AI industry to build a sustainable future, it must move away from a valuation system based on hype and fear. Focusing on real technological progress will allow for a more realistic assessment of future potential.

## Conclusion and Recommendations

The future of the AI industry depends on shifting focus from hype and fear to real technological progress. This approach will help build a sustainable future for the industry.

## Sources covering this story

- https://geohot.github.io//blog/jekyll/update/2026/06/21/the-doom-justifies-the-valuation.html — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._