They're so obviously going to fail, but in a good way. The idea is that they were going to get the world addicted then raise the prices, but the reality is that there's going to be a race for the bottom in pricing because none of them are significantly better than the others. They don't own anything, it's just math; they can be undercut by an OSS bomb from China at any given moment.

Even worse, they've bet against the math not advancing. If it gets significantly more power-efficient, which literally could happen tomorrow if the right paper goes up on arxiv, maybe a 10 year old laptop could give "good enough" results. All those data centers are now trash and your companies are now worth a negative trillion dollars.

I think all of these factors are completely independent of whether AI works or not, or how well it works. Personally, I don't care if it replaces programmers: get another job. I just have experienced it, and it is at this point mediocre.

Of course I am not using the bleeding edge, and I am not privy to the top secret insider stuff which may well be orders of magnitude better. But if they've got it, why would they keep it a secret when people are desperate to give them money? If they're hiding it, it's something that they know that somebody could analyze and knock off, and then it's a race for the bottom again.

In a race for the bottom, we all win. Except the people and economies who bet their lives on it being a race to the top.