>- LLMs utility is high enough that it is now going to be a standard tool in the toolbox of every software engineer, but it is definitely not replacing anyone at current capability.

Right! Problem, billions of dollars have been poured into this wrt to infrastructure, datacenters, compute and salaries. LLMs need to be at the level of replacing vast swathes of us to be worth it. LLMs are not going to be doing that.

This is a collosal malinvestment.

Yeah eventually reality and fantasy have to converge.

Nobody knows when. But it will. TBH the biggest danger is that all the hopes and dreams aren't materialised and the appetite for high-risk investments dissipates.

We've had this period in which you can be money losing and its OK. But I believe we have passed the peak on that - and this is destined to blow up.