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The authors specifically state that they do not think that GenAI is snake oil. You can’t legitimately argue that it is.

On the other hand, I’m not sure that you can legitimately argue that it is not over-hyped. The only way that it isn’t is if we achieve “singularity” imminently - because that it is what a sizable number of people, including possibly some people at OpenAI, are actually expecting.

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I think we’re nearing the point of the initial dotcom bust. A whole of internet startups went completely belly up when the early 2000s initial bubble burst.

That was no reflection of the actual potential it just indicated that people at all points of the value chain had not yet grasped how or what the internet was or how it would mesh with humanity.

That’s where we are now. It’ll burst but not because it’s overhyped; because we don’t collectively understand the implications.

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