> The hundreds of billions of dollars pouring into data center build-out basically hinges on this thesis, and frankly I trust the judgements of the billionaires financing these deals better than LLM-naysayers on hackernews (not to mention the non-public info they have access to).

I actually think both perspectives can be true. If you look at (IMO) the most rational takes of "LLM-naysayers on hackernews", it's not that LLMs are useless, but it's that they're still just tools, and while they can do a lot of high-level "rearranging of past experience" that looks an awful lot like intelligence, human intelligence is still required for lots of higher level thinking tasks, and there look to be limits to the "just scale" approach.

The problem is there are still tons of jobs that actually don't require much high-level, human-only thinking where it's easy to see a clear path where AI obliterates all those jobs pretty quickly. Automating those jobs will still be probably one of the largest wealth transfers in history from labor to capital.