That is a laughable take.
The AI technology is very very impressive. But that doesn't mean you can recover the hundreds of billions of dollars that you invested in it.
World-changing new technology excites everyone and leads to overinvestment. It's a tale as old as time.
It is just a really good tool. And that's fine. Really good tools are awesome!
But they're not AGI - which is basically the tech-religious equivalent to the Second Coming of Christ and about as real.
The fear isn't about the practicability of the tool. It's about the mania caused by the religious component.
Yes we know how to grow them, but we don’t know what is actually going on inside of them. This is why Anthropic’s CEO wrote the post he did about the need for massive investment in interpretability.
It should rattle you that deep learning has these emergent capabilities. I don’t see any reason to think we will see another winter.
It's been true and kind of inevitable since Turing et all started talking about it in the 1950s and Crick and Watson discovered the DNA basis of life. It's not religious, not a mania, not far fetched.
(To be clear, I do agree that AI is going to drastically change the world, but I don't agree that that means the economics of it magically make sense. The internet drastically changed the world but we still had a dotcom bubble.)