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The Download: introducing the AI Hype Correction package

AI is going to reproduce human intelligence. AI will eliminate disease. AI is the single biggest, most important invention in human history. You’ve likely heard it all—but probably none of these things are true.

AI is changing our world, but we don’t yet know the real winners, or how this will all shake out.

After a few years of out-of-control hype, people are now starting to re-calibrate what AI is, what it can do, and how we should think about its ultimate impact.

Here, at the end of 2025, we’re starting the post-hype phase. This new package of stories, called Hype Correction, is a way to reset expectations—a critical look at where we are, what AI makes possible, and where we go next.

Here’s a sneak peek at what you can expect:

+ An introduction to four ways of thinking about the great AI hype correction of 2025.

+  While it’s safe to say we’re definitely in an AI bubble right now, what’s less clear is what it really looks like—and what comes after it pops. Read the full story.

+ Why OpenAI’s Sam Altman can be traced back to so many of the more outlandish proclamations about AI doing the rounds these days. Read the full story.

+ It’s a weird time to be an AI doomer. But they’re not giving up.

+ AI coding is now everywhere—but despite the billions of dollars being poured into improving AI models’ coding abilities, not everyone is convinced. Read the full story.

+ If we really want to start finding new kinds of materials faster, AI materials discovery needs to make it out of the lab and move into the real world. Read the full story.

+ Why reports of AI’s potential to replace trained human lawyers are greatly exaggerated.

+ Dr. Margaret Mitchell, chief ethics scientist at AI startup Hugging Face, explains why the generative AI hype train is distracting us from what AI actually is and what it can—and crucially, cannot—do. Read the full story.

The must-reads

I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 iRobot has filed for bankruptcy
The Roomba maker is considering handing over control to its main Chinese supplier. (Bloomberg $)
+ A proposed Amazon acquisition fell through close to two years ago. (FT $)
+ How the company lost its way. (TechCrunch)
+ A Roomba recorded a woman on the toilet. How did screenshots end up on Facebook? (MIT Technology Review)

2 Meta’s 2025 has been a total rollercoaster ride
From its controversial AI team to Mark Zuckerberg’s newfound appreciation for masculine energy. (Insider $)

3 The Trump administration is giving the crypto industry a much easier ride
It’s dismissed crypto lawsuits involving many firms with financial ties to Trump. (NYT $)
+ Celebrities are feeling emboldened to flog crypto once again. (The Guardian)
+ A bitcoin investor wants to set up a crypto libertarian community in the Caribbean. (FT $)

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