AI certainly has useful applications - notably in medical and scientific work (gene expression, vaccine development and so forth) but what we're seeing now is nothing but the largest pump and dump in the history of money.
It's a stock bubble kept alive by Silicon Morons with all the money in the world. That money has convinced them that they're galactic super-geniuses and they'll breathlessly sell that to Finance Morons, a tribe equally convinced of their own god-like powers.
Their collective IV drip of Randroid bullshit has convinced them that we must "Win The AI Race", though I have yet to hear a clear or reasonable explanation of what that means.
And isn't it an amazing coincidence that the "need" for more more more (apologies to the Andrea True Connection) generating capacity dovetails so neatly with the desire of the Asshole-In-Chief and his Political Morons to destroy any alternatives to gas and coal?
And why support climate science - or any other scientific endeavors - when you can trot out Shiny Tech Thing Dripping With Other Peoples' Money in lieu of anything tethered to reality? So let's fuck the planet and destroy the electrical grid, because I want more money right fucking now.