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For me, that moment was cryptocurrency. "Vastly overhyped, driven by pure greed and speculative narratives, limited implementation and high energy cost." - all applied. I couldn't understand why so many people thought it was the future. I actually see LLMs a little more positively - mildly interesting, certainly intriguing language mimics, but enormously expensive and overhyped. Are they useful? Maybe, but not to the degree that everything is focused on them now.

How much time have you spent figuring out how to use them?

Ethan Mollick estimates it takes ten hours of exposure to “frontier models” (aka OpenAI GPT-4, Claude 3.5 Sonnet, Google Gemini 1.5 Pro) before they really start to click in terms of what they’re useful for.

this is exactly what i said about the iphone

Sorry, there is no parallel between technology with direct implication and dreams from VC's and investors with low level of tech literacy.