'The Tech Industry was Deflating. Then Came ChatGPT'

An anonymous reader shared this report from the Washington Post:A year ago, the mood in Silicon Valley was dour. Big Tech stocks were falling, the cryptocurrency bubble had popped, and a wave of layoffs was beginning to sweep through the industry.
Then the artificial intelligence boom hit.Since then, venture capitalists have been throwing money at AI start-ups, investing over $11 billion in May alone, according to data firm PitchBook, an increase of 86 percent over the same month last year. Comp