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The ChatGPT revolution is another tech fantasy
Generative AI will enrich investors and be deployed against everyone else.
About The ChatGPT revolution is another tech fantasy
The page presents a July 27, 2023 argument by Paris Marx that excitement around ChatGPT and generative AI follows earlier tech hype cycles and will enrich investors while being deployed against others. It notes ChatGPT passed 100 million monthly users after release, then cites SimilarWeb data showing worldwide traffic fell 9.7% in June and unique users fell 5.7%, with growth stalling since March. It connects the emergence of generative AI in late 2022 to higher interest rates, slowing growth, large layoffs, and the collapse of crypto and metaverse bets, describing a Silicon Valley pattern of creating new investment bubbles.
Key features
- Essay published July 27, 2023 by Paris Marx
- Cites SimilarWeb data on June traffic decline
- Notes ChatGPT passed 100 million monthly users
- Compares generative AI to crypto and metaverse cycles
- Discusses interest rates, slowing growth and layoffs
- Author writes Disconnect newsletter and hosts podcast
Best for: Readers who want a critical perspective on ChatGPT and generative AI investment claims.
Good for
- Cites specific SimilarWeb traffic and user figures
- Places ChatGPT in context of crypto and metaverse cycles
- Identifies author and publication date
The ChatGPT revolution is another tech fantasy at a glance
- Official website
- disconnect.blog/the-chatgpt-revolution-is-anot…
- Category
- Search & Reference › Articles & Essays
- Type
- Publication
- Platforms
- Web
- Language
- English
- Last checked
- Oct 5, 2026 · Online when checked
- Listed
- Oct 5, 2026
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