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[–] 7 points 2 days ago

Yeah, and NFTs too. NFTs and metaverse are truly fundamentally useless. Crypto definitely has SOME use as it's become a major tool for international trade and can totally play a role in future currency structures. But obviously massively overhyped and primarily a speculative asset. But all of those are the bubbles of the last decade or so, after American tech plateaued. There were plenty of bubbles beforehand that produced genuinely useful and productive new technology. LLMs could have been a smaller one of those with the appropriate level of investment. The problem here is not really the utility of LLMs (which yeah, is real but not earth-shaking) and instead the MASSIVELY disproportionate capital investment that has upended the entire economy for no return to come.

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