I'm with you on this. I remember when the Internet became a thing, how revolutionary it was to all areas of my life.

This is comparable.

While I dislike the bonkers valuations, and "were building Agi so it tells us how to be profitable" is onion worthy statement LLMs are an absolutely revolutionary technology.

Even with all the hallucinations.

Imagine telling someone 15 years ago Internet/Google is useless because people sometimes do not tell the truth online... It's like that.

I also hate the fact AI is being used as justification to grab all compute in the world and lock it up in one country's datacenters.

I hope this endeavour fails, but sadly being realistic I have to admit I think the so called "AI bubble" will not pop. Instead the companies will be bailed out with printed money.

I recently looked up there are approximately $20Trillion in circulation. Even if they print extra $2T it will dilute existing money supply by 10%. So everyone that uses USD as a currency will pay for the datacenter build out wether we want it or not.

All the compute will be slurped from the market for this and companies like nvidia that get used to 50bln deals will never go back to making consumer stuff.

I never thought I'll live to see the PC revolution reverse, but that is what seems to be happening.