but is that something we can expect will ever revolutionize the economy? Can we replace the labor force with a technology which can’t do work but can convince the most credulous people that it can?
LLMs are a tool. You and I use tools. They are not a replacement for humans, and rich CEOs that say otherwise are greedy fucking morons.
It's also untrue that it "can't do work". I literally just had several conversations with LLMs at work today to work through some programming tasks and troubleshooting issues. They can pour through details, logs, search results, code way faster that I can. I would be working a helluva lot slower if I didn't have LLMs running tasks in the background while I go do other things, or review code it wrote, or talk through other support issues. I've been doing this shit for 20+ years, and I've never seen a technological leap this significant since the Internet.
Don't use blockchain, crypto, metaverse, or "VR goggles" as comparison points. This is not something that is going to just magically go away.