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It is interesting to me how quickly people jump on the negative bandwagon. "companies are wasting money", "there is no value in LLM", "peak llm"....the list goe
by infecto 2y ago
It is interesting to me how quickly people jump on the negative bandwagon. "companies are wasting money", "there is no value in LLM", "peak llm"....the list goes on. There is a lot of value to these models and the timeline they are improving is impressive.
- cs702 2y agoI think the benefits to society are going to be significant, but I suspect that most companies in the space will not recoup their investment. They're losing money or at best breaking even on each token. It's as if the return on their investments is accruing diffusely to the public instead of to them.
- infecto 2y agoDepends on what space you are talking about. Do you mean the group building models, running the compute, or paying to use the models? I don't know how the economics will work out for companies like openai who are building the models, its unclear yet. On the consumer side, there will be winners and losers like always. Companies are seeing real value by using LLMs. I think its still in its infancy so a lot of net losers as people figure out what works and does not work but these new tools are creating value and doing it in such a way that I think warrants investment from companies.
- cs702 2y ago> Depends on what space you are talking about. The companies constantly building and training new models to keep up with the competition.