Jersey Mike's IPO Shows AI Hype Has Lost All Meaning
Source: TechCrunch
When a regional sandwich chain invokes AI in its IPO filing—presumably to satisfy investor expectations rather than describe actual operations—the term has become untethered from substance. The document mentions AI without specifics about how it actually functions within the business, revealing how thoroughly "AI" has transformed from a technology descriptor into a valuation multiplier. When every company must claim it, the word stops meaning anything, and the real applications become harder to identify beneath the noise.