Large Language Models will change a significant portion of how companies and thus the economy works. This will be transformational.
AI Companies are still overhyped.
AI Companies are still overhyped.
I don't know that AI is going to miss in the same way by 15 years but I also don't see how it can possibly justify the promises implied by the current valuations and investments. A thing nobody wants to talk about is how quickly all the hardware that was so frantically purchased is depreciating, for instance. And even missing by 5 years with the exponential time value of money is still missing by a lot, although perhaps I won't italicize this particular "lot".
It just didn't come to pass on the time frame the stock valuations implied.
> We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
I don't care if they vanish. I just want the hype to die. The last few months this site would more truthfully have been titled LLM News. I use LLMs but for the most part I find discussions about them boring.