Entrepreneur Rahul Ganjoo Challenges AI Hype, Warns Against FOMO Tactics

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Rahul Ganjoo Questions AI Hype, Warns Against 'FOMO Merchants' and 'Grifters'

Rahul Ganjoo on AI. (Images CNBCTV18.com file/X)

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CNBC TV18•24-02-2026, 16:46

Rahul Ganjoo Questions AI Hype, Warns Against 'FOMO Merchants' and 'Grifters'

•Entrepreneur Rahul Ganjoo, CEO of District by Zomato, critically assessed the intense AI-driven narratives dominating online spaces.
•Ganjoo's message is not anti-technology but targets the 'noise' surrounding AI, drawing parallels to unfulfilled past tech predictions like Bitcoin's $1 million forecast or widespread VR use.
•He introduced the term 'FOMO merchants' for individuals who create urgency around emerging tech, framing skepticism as ignorance to strengthen the hype bubble.
•Ganjoo also identified 'grifters' as those who adopt new tech language and jargon without deep understanding, mistaking proximity and vocabulary for expertise.
•His post advocates for balanced engagement with new platforms, urging skepticism and cognitive dissonance to avoid treating all forecasts as destiny.

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