I was very disgusted when I saw VC firms with billions in AUM put money into things like FartCoin, Digital Twins
The Boomer VCs financed stuff that is genuinely useful, MRI Scanners, Google, Apple Computers, Genetech (brought insulin to the masses).
The milenial VCs fund stuff that is at best convenient to have (Airbnb, Uber) but usually gimmicks, Instagram, Tiktok.
Sam Altman is the master of gimmicks.
He took the GPT model that already existed and wrapped it into chat format similar to Elizer[0]
Got Neural style that existed for a long time and paired it with Studio Ghibli fanatics. [1]