I work with LLMs daily. 5 of my specialized tasks are outperformed by a custom model than a general purpose frontier model. The performance of my custom models not only beat them but are orders of magnitude low in costs and thus are able to be used by more customers.
Either, please correct me if I'm misinterpreting
There are lots of scenarios where specialized models still are the only option for real time, power efficiency, and so on. And transformers and other tech behind LLMs can equally produce better specialized models. But no sympathy for those who confused compute with innovation.