Ha-has are perhaps tonally inappropriate, but when you look at the facts it seems unlikely. What we've seen in the last few years is fairly unlikely to continue forever. That's rarely how trends go. If anything if we actually look at the trend lines the improvements between model generations are becoming smaller, and the models are getting larger and more expensive to train.

A perhaps bigger concern is how flimsy the industry itself is. When investors start asking where their returns are at, it's not going to be pretty. The likes of OpenAI and Anthropic are deep in the red, absolutely hemorrhaging money, and they're especially exposed since a big part of their income is from API-deals with VC-funded startups that in turn also have scarlet balance sheets.

Unless we have another miraculous breakthrough that makes these models drastically cheaper to train and operate, or we see massive increases in adoption from people willing to accept significantly higher subscription fees, I just don't see how this is going to end the way the AI optimists think it will.

We're likely looking at something similar to the dot com bubble. It's not that the technology isn't viable or that it's not going to make big waves eventually, it's just that the world needs to catch up to it. Everything people were dreaming of during the dot com bubble did eventually come true, just 15 years later when the logistics had caught up, smartphones had been invented, and the web wasn't just for nerds anymore.

> Unless we have another miraculous breakthrough

I guess the argument of AI optimists is that these breakthroughs are likely to happen given the recent history. Deep learning was rediscovered like, what, 15 years ago? "Attention is all you need" is 8 years old. So it's easy to assume that something is boiling deep down that will show impressive results 5-10 years down the line.