Current valuations are based on the belief genuine AGI is around the corner. It’s not. LLMs are an interesting technology with many use cases, but they can’t re

Current valuations are based on the belief genuine AGI is around the corner. It’s not. LLMs are an interesting technology with many use cases, but they can’t reason in the usual sense of the word and are a dead end for the type of AGI needed to justify current investments. It’s going to be a gruesome train wreck.