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I really wonder why people aren't drawing comparisons with crypto/blockchain. In the beginning, there were also two camps: people who thought crypto would replace our entire financial system and everything would be tokenized on the blockchain, and another camp who predicted that within a few years bitcoin would be worth exactly zero and all crypto/blockchain companies would disappear.

The reality turned out to be somewhere in the middle. Crypto didn't replace our financial system, but it exists as a 1-2 trillion dollar segment serving a particular (though controversial) niche of the global economy. It's not going to zero anytime soon.

I think AI/LLMs will follow the same path. There's definitely a level of usefulness there. But we've clearly hit a ceiling since 3.5/4.0. Advancement has only happened in benchmarks and open source models. Also, the idea that a neural net that accepts a fixed amount of padded tokens and returns a list of probabilities will replace the complexities of the human brain is delusional at best.

The only real issue I see is that certain actors in the US have taken such large positions that unwinding them could potentially destroy the US economy at worst, or trigger a recession at best. But this mainly concerns the US, which is on an AI high at the moment.



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