I think this is the key point - LLMs will go through a commoditization phase and I think you left out a key example from a technology and business context: sear

I think this is the key point - LLMs will go through a commoditization phase and I think you left out a key example from a technology and business context: search engines. There was a huge trend where everyone needed search and was building search, etc. and a couple decades later there are lots of companies that evaporated and a few left standing. There was also a dot com bubble, mostly bursting not because of search but because there were a lot of what today would be "AI startup" but is just a web app calling AI Api's. So there's likely to be some bubble burst but it should be smaller maybe hitting more of these small tools that eventually become features.