I chuckled at: >> At the early stage of a surge, investment tends to be patchy and not fully understood—the sector exists but it is not completely legible yet.

I chuckled at: >> At the early stage of a surge, investment tends to be patchy and not fully understood—the sector exists but it is not completely legible yet. He says this in the context that AI clearly doesn’t fit this pattern, as the investment has been enormous. I feel like he and everyone else has a scale problem, due to the tendency to equate AI to LLMs - the investment is patchy and not fully understood - I really don’t think we’ve seen anything more than the pretremors at this point - as the scale of the change is just as incomprehensible to the world at large now as it was when the steam engine was just a slightly better way of getting water out of a mine than a donkey.