- AI is a useful tool and we're still seeing steady improvements in performance and efficiency
- There is a bubble in the stock market, fed by unrealistic expectations of what AI can achieve in the timeframes the investments need to provide returns in (e.g "AI is pretty useful and delivers productivity improvements in coding, law and other desk jobs" vs "in 12 months everyone will be out of a job and/or humanity will be exterminated, AGI is almost here, winner takes all")
So yeah, the schizophrenic Yudkowsky tier hype bullshit should hopefully disappear soon and then we can move on to something else.
No one serious cares if there's a bubble in the stock market because the financials are solid and when those play out then whatever "bubble" you imagine exists today will be small compared to realized revenues in a few years.
If the financials were "solid" it wouldn't be called a bubble. People are pointing to the bubble saying it's a bubble exactly because the financials are not solid and the expected revenue that would make the valuations and investments make sense is vaporware.
There are a few numbers of scaling laws, i'm pretty sure VCs want to see being hit. Just to see what will happen when you scale an LLM to 100T Parmeters.
Nobody is in control but Taiwan Semiconductor. Not Samsung, not Micron, not Nvidia.
Orders that can't be fulfilled get canceled. Canceled orders mean canceled plans and canceled companies follow.
Someone bigger will buy the husk and monetize it somehow - probably for gambling.
No one else has and in this current setup, the disurption of this particular market is very very very very expensive and time consuming.