They’re an entertainment technology, not a revolutionary business technology as they claim, so their maximum value is constrained by the boundaries of the entertainment market rather than being a significant fraction of the World’s Economy: basically they’ll at best have a Social Media Tech-sized Economic footprint, not an Industrial Revolution one.
However, that shit was sold to investors as an Economic Revolution and the investment footprint is proportional to that prospect and thus way bigger than it would be for “this will be as big as Social Media”, and by now all that’s left to try and keep that massive block of investment from crushing the far too narrow columnn or returns, is ever more desperate spinning of hopes and dreams fables.
I think you already know the answer because you asked the question.
The CEOs are the ones trying to convince everyone (investors really) that AI can replace humans to try to increase profits. That’s it.
LLMs/AI are fantastic tools, but that’s all they are. Just tools. The CEOs are selling the AI revolution fantasy.
They’re an entertainment technology, not a revolutionary business technology as they claim, so their maximum value is constrained by the boundaries of the entertainment market rather than being a significant fraction of the World’s Economy: basically they’ll at best have a Social Media Tech-sized Economic footprint, not an Industrial Revolution one.
However, that shit was sold to investors as an Economic Revolution and the investment footprint is proportional to that prospect and thus way bigger than it would be for “this will be as big as Social Media”, and by now all that’s left to try and keep that massive block of investment from crushing the far too narrow columnn or returns, is ever more desperate spinning of hopes and dreams fables.