More generally, the phenomenon this is quite simply explained and nothing surprising: New things improve, quickly. That does not mean that something is good or valuable but it's how new tech gets introduced every single time, and readily explains changing sentiment.
Every hype cycle feels like this, and some of them are nonsense and some of them are real. We’ll see.
In contrast, what do I care if you believe in code generation AI? If you do, you are probably driving up pricing. I mean, I am sure that there are people that care very much, but there is little inherent value for me in you doing so, as long as the people who are building the AI are making enough profit to keep it running.
With regards to the VCs, well, how many VCs are there in the world? How many of the people who have something good to say about AI are likely VCs? I might be off by an order of magnitude, but even then it would really not be driving the discussion.
Generally, I do a couple of edits for clarity after posting and reading again. Sometimes that involves removing something that I feel could have been said better. If it does not work, I will just delete the comment. Whatever it was must not have been a super huge deal (to me).
We're in a hype cycle, and it means we should be extra critical when evaluating the tech so we don't get taken in by exaggerated claims.
The people not buying into the hype, on the other hands, are actually the ones that have a very good reason to be invested, because if they turn out to be wrong they might face some very uncomfortable adjustments in the job landscape and a lot of the skills that they worked so hard to gain and believed to be valuable.
As always, be weary of any claims, but the tension here is very much the reverse of crypto and I don't think that's very appreciated.
The steam-powered loom was not good for the luddites either. Good for society at large in the long term but all the negative points that a 40 year old knitter in 1810 could make against the steam-powered loom would have been perfectly reasonable and accurate judged on that individual's perspective.