Current generative AI is a set of moderately useful/interesting technology that has been artificially blown up into something way bigger. If you've been paying

Current generative AI is a set of moderately useful/interesting technology that has been artificially blown up into something way bigger. If you've been paying any attention for the past two decades, you'll have noticed that capitalism has had a series of hype cycles. Post COVID, Western economies are on their knees, productivity is faltering and the numbers aren't checking out anymore. Gen AI is the latest hype cycle, and it has been excellent for generating hype with clueless VCs and extracting money from them, and generating artificial economic activity. I truly think we are in deep shit when this bubble pops, it seems to be the only thing propping up our economies and staving off a wider bear market. I've heard some say that this is all just the beginning and AGI is 2 years away because... Moore's law and that somehow applies to LLM benchmarks. Putting aside that this completely nonsensical idea, LLM performance is quite clearly not on any kind of exponential curve by now.