Oh they definitely exist. At a high level the bullshit is driven by malicious greed, but there are also people who are naive and ignorant and hopeful enough to hear that drivel and truly believe in it.
Like when Microsoft shoves GPT4 into notepad.exe. Obviously a terrible terrible product from a UX/CX perspective. But also, extremely expensive for Microsoft right? They don’t gain anything by stuffing their products with useless annoying features that eat expensive cloud compute like a kid eats candy. That only happens because their management people truly believe, honest to god, that this is a sound business strategy, which would only be the case if they are completely misunderstanding what GPT4 is and could be and actually think that future improvements would be so great that there is a path to mass monetization somehow.
The Algorithm has been A Thing long enough to have impacted young adults during their formative years.
At 25 I’m barely old enough that I entered adolescence just as “youtuber” became a career for many people (around 2012ish). The Algorithm has been part of it all my teens though I witnessed it becoming increasingly eldritch throughout and teaching its final untethered form in the second half of the 2010s. Today’s 20 year olds never knew anything else as they were 13 when elsagate was in full swing.
TL;DR how are your knees grandpa?