Every week another AI startup raises a Series B on vibes and a demo that crashes if you sneeze near it. The valuations are untethered from revenue in a way that would make 1999 blush. I'm not saying the technology isn't real — it is — but the gap between what these models can do and what these companies are promising is a canyon you could lose a pension fund in.
The tell is always the same: when the press release says "enterprise-ready" but the API docs say "beta."