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I'm talking from the global take on the economy, yes. This wave of AI will go the way of every previous wave: some niche products will use it effectively and the rest of the world will look back with keen embarrassment at this phase of history when people took LLMs seriously.

I mean there's still practical uses for '50s-era "AI" out there. ("Symbolic AI" was it called?) But it is so tiny a segment it is basically nonexistent.