Interest rates are dropping. Jobs are appearing and new ideas are forming. There will probably be fewer silly startups. Hopefully we will see some new technology that has a meaningful impact.
I agree, people's creativity in grabbing cash from VCs has no limits. You'd think you've lived long enough to see enough and the next day you get another surprise.
But maybe that's the way it should be - a lot of rubbish and among them one good idea that gets developed and actually make some positive change.