

I think it will massively correct, like the dotcom bubble for websites. LLMs are a useful utility, but not something that’s going to make economics irrelevant (like people thought about the internet).
Why? LLMs are tools, text models, not AGI magic lamps, and a couple of con artists are trying to convince the world otherwise. That’s an oversimplification, but the jist of it.
And I’m no LLM skeptic. I’ve been playing with ML as a hobby for a decade, with local LLMs before ChatGPT was even available, but the market attitude towards all this is absolutely bonkers. It’s worse than crypto.




It would have been nice if crypto didn’t turn into a network of pyramid schemes.
Like, I am sympathetic to the idea. I mined a Bitcoin a long time ago (and lost it in intervening years). But holy moly, did it erupt into a tire fire.