The great AI hype correction of 2025

Four ways to think about this year's reckoning When OpenAI released a free web app called ChatGPT in late 2022, it changed the course of an entire industry--and several world economies. Millions of people started talking to their computers, and their computers started talking back. We were enchanted, and we expected more. Technology companies scrambled to stay ahead, putting out rival products that outdid one another with each new release: voice, images, video. With nonstop one-upmanship, AI companies have presented each new product drop as a major breakthrough, reinforcing a widespread faith that this technology would just keep getting better. Boosters told us that progress was exponential.