AI productivity tools are overhyped and overfunded. Investors should look elsewhere

The article argues that many AI productivity tools are overhyped and lack strong economic moats despite generating significant revenue, warning investors to look elsewhere. While recognizing unprecedented innovation from AI, the quality of this new ecosystem revenue is deemed highly risky. Conversely, the field of AI Coding stands out as a mature vertical, demonstrating sophisticated evolution from basic tools to full-blown autonomous systems.