We are way past peak LLM and it shows. They are basically advertise spacing heating as if it's some sort of advancement, while the tech seems to have stagnated, and they re just making the horses faster. The market should have punished this

It's 100% plausible and believable that there's going to be a spectacular bubble popping, but saying we are way past peak LLM would be like saying we were way past peak internet in 1999-2001 -- in reality, we weren't even remotely close to peak internet (and possibly still aren't). In fact, we were so far from the peak in 2001 that entire technological revolutions occurred many years later (e.g., smartphones) that just accelerated the pace even further in ways that would've been hard to imagine at the time. It's also important to note that AI is more than text-based LLMs -- self-driving cars and other forms of physical "embodied" AI are progressing at exponential pace, while entirely new compute form factors are only just now starting to emerge yet are almost certainly guaranteed to become pervasive as soon as possible (e.g., real AR glasses). Meanwhile, even plain-old text-based LLMs have not actually stagnated.

>We are way past peak LLM and it shows

The dot com bubble saw crazy deals and valuations, followed by a crash.

some companies emerged from it and went on to be a giant company like Amazon. Let's hope this AI boom have some similar outcomes.

There will be a great market correction soon. Long term though it’ll still have some value, much like after the dot com crash the internet still remained useful. I hope.

Though "Compute infrastructure will be the basis for the economy of the future" doesn't sound that off. LLMs may go but compute will live on. Bit like web portals and optical fiber.

> We are way past peak LLM

in the sense that all of the positive narrative is getting priced in.