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Some people definitely think they aren't impressive.

> 1 % of GDP

LLMs are basically the only thing genuinely new in decades , that have someone excited in basically every dept in the entirely world, why is it so bad that we spend money on them? The alternative is going back to shovelling web3 crap.

There's definitely a new generation of bullshit merchants to go with LLMs but I think they (the models) target a very different part of the brain to normal tech so in some ways they're much more resilient to usual fad archetypes (this is also why some people who are a bit jittery socially hate them)



We could be spending that money on real problems instead of trying to automate away half the population


Name one "real problem" that isn't easier to solve if humans are spending less time on bullshit (read: easily automated) jobs.


> why is it so bad that we spend money on them?

This money (and more importantly, this electricity and this amount of silicon) is diverted from other stuff.


Such as? Dumping money into private equity?


This is an underrated fact. We spend so much money on stupid hype because our system is built to keep giving more and more money to promising technologies, but we're running out of actually promising technologies, so the system is (a) focusing the exponentially growing money into just a few techs, and (b) falling for snake oil.




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