Did you experience the popularization of the WWW? There were massive disagreements even among smart tech-savvy people. We even had a stock market boom and just cycle associated with it.

Funnily, none of that mattered. What mattered is that enough ordinary people on the street found it useful, both for personal and business reasons. Ask yourself: are regular people using this tech, either as producers or consumers? And remember that this is the least powerful that it will ever be.

It's very hard to disagree with the point that it will get more powerful, perhaps in uenxpected ways.

I don't know that the average regular person is using this tech as a producer, and while it's hard not to consume it - I don't know if anybody consuming it really wants to. I'm in a bubble of people where we give it a lot more mindshare, but e.g my electrician is aware of the tech, knows what it does, and doesn't really care. I think you're right that if it could manage his books, help him rewire a switchboard, order inventory for him etc that would be very different.

> Funnily, none of that mattered. What mattered is that enough ordinary people on the street found it useful, both for personal and business reasons.

Broad economic impact due to Internet boom in the the US came from 2 main categories: 1) New huge internet enabled tech companies appeared(Amazon, Google, Meta etc.), all created their own products, all were build on reliable foundational technology. LLMs is not a reliable foundational technology. 2) Existing legacy companies could utilize internet to connect their teams/departments/offices though a bunch of new software which were build on reliable foundational technology. LLMs is not a reliable foundational technology.

> And remember that this is the least powerful that it will ever be.

This mantra is being repeated but "serious LLMs's issues" I described are still there and will be there because they are part of how LLMs are built and work. Without addressing those you can't build products but LLMs's capability as a personal productivity tool will keep rising, yes.

The "best" possible outcome of LLMs to a broader economy might be that a smaller group of experts will be able to do the job in companies due to boost of their personal productivity and a bunch of people will be freed up(laid off) and they will have to go and work on something else and thus a boost of productivity in the economy. But it seems it won't be any low hanging fruits(problems to solve) this time as it was during the internet era. It is not like we out of problems: new cancer treatments, self driving cars, nuclear fusion, modular nuclear reactors etc. There is a huge value to capture there, here is the thing though, those are hard problems, it is not a new TikTok, gmail, netflix etc. Yes, people will have LLMs now but can we actually start solving hard problems with them? Because it might be the case that a gravy train of the last few decades for Silicon Valley is over, no more useless internet enabled services, no more billion dollar companies built on just applying internet to yet another thing and producing another digital product. People's free time is limited, its redistribution across digital services will not grow the economy, global internet penetration is already pretty high and won't grow that much, so there might not be much value to capture there.

>Did you experience the popularization of the WWW? There were massive disagreements even among smart tech-savvy people. We even had a stock market boom and just cycle associated with it.

In the early phase of the Internet envelope, we all wanted to build the real Internet and destroy the AOL's and Compuserves' .. but now the Internet has turned into a mass of AOL's and Compuserves.

I think the same thing is happening with the silo'ization of LLM's. People don't want to have to use the "AOL of LLM's" for things - they want to build out their own infrastructure and have a pool of local LLM's (where once it was the company's own modem pool, etc.)

It is, oddly enough, parallel with the original arguments in the 70's and 80's regarding supercomputers versus personal computers, or the cloud versus locally managed resources, etc. We are still fighting this battle, just with higher bandwidth.

Do we operate a terminal with a fixed window into a bigger computer, or do we operate a heavier local computer with a proper interface?

Most people I know, blue and white collar up to and including surgeons and IT folks, use it as better search.

My wife is a GP, and all she would ever need is a reliable speech to voice recognition of medical jargon, in french. Not 98%, not almost there, just there.

Most people don't live in IT echo chambers like HN. For them, chatgpts are just another online gimmick that saves a bit of time vs googling things, or puts together some paperwork quicker, and thats it.

For me, I can see potential beyond but are largely unmoved by it. The price to pay, in fucking up our environment, losing skills and/or losing skills to build skills, making large swaths of population unemployed with no replacement in sight, seems much more like devolution and net loss. Extremely few winners and big bunch of losers. Very happy to be wrong here of course, but only time will tell and neither you nor me know for sure.