There’s no question that we’re in a bubble which will eventually subside, probably in a “dot com” bust kind of way.
But let me tell you…last month I sent several hundred million requests to AI, as a single developer, and got exactly what I needed.
Three things are happening at once in this industry… (1) executives are over promising a literal unicorn with AGI, that is totally unnecessary for the ongoing viability of LLM’s and is pumping the bubble. (2) the technology is improving and delivery costs are changing as we figure out what works and who will pay. (3) the industry’s instincts are developing, so it’s common for people to think “AI” can do something it absolutely cannot do today.
But again…as one guy, for a few thousand dollars, I sent hundreds of millions of requests to AI that are generating a lot of value for me and my team.
Our instincts have a long way to go before we’ve collectively internalized the fact that one person can do that.