> The IT industry is also full of salesmen and con men, both enjoy unrealistic exaggeration. Your statements would not be out of place 20 years ago when the iPhone dropped. Your statements would not be out of place 3 years ago before every NFT went to 0. LLMs could hit an unsolvably hard wall next year and settle into a niche of utility.

The iPhone and subsequent growth of mobile (and the associated growth of social media which is really only possible in is current form with ubiquitous mobile computing) are evidence it did change everything. Society has been reshaped by mobile/iPhone and its consequences.

NFTs were never anything, and there was never an argument they were. The were a financial speculative item, and it was clear all the hype was due to greater fools and FOMO. To equate those two is silly. That's like arguingsome movie blockbuster like Avengers Endgame was going to "change everything" because it was talked about and advertised. It was always just a single piece of entertainment.

Finally for LLMs, a better comparison for them would have been the 80's AI winter. The question should be "why will this time not be like then?" And the answer is simple: If LLMs and generative AI models never improve an ounce - If they never solve another problem, nor get more efficient, nor get cheaper - they will still drastically change society because they are already good enough today. They are doing so now.

Advertising, software engineering, video making. The tech is already for enough that it is changing all of these fields. The only thing happening now is the time it takes for idea diffusion. People learning new things and applying it are the slow part of the loop.

You could have made your argument pre-chatgpt, and possibly could have made that argument in the window of the following year or two, but at this point the tech at the level to change society exists, it just needs time to spread. All it need are two things: tech stays the same, prices roughly stay the same. (No improvements required)

Now there still is a perfectly valid argument to make against the more extreme claims we hear of: all work being replaced..., and that stuff. And I'm as poorly equipped to predict that future as you (or anyone else) so won't weigh in - but that's not the bar for huge societal change.

The tech is already bigger than the iPhone. I think it is equivalent to social media, (mainly because I think most people still really underestimate how enormous the long term impact of social media will be in society: Politics, mental health, extremism, addiction. All things they existed before but now are "frictionless" to obtain. But that's for some other post...).

The question in my mind is will it be as impactful as the internet? But it doesn't have to be. Anything between social media and internet level of impact is society changing. And the tech today is already there, it just needs time to diffuse into society.

You're looking at Facebook after introducing the algorithm for engagement. It doesn't matter that society wasn't different overnight, the groundwork had been laid.