LLM technology has hit a logarithmic wall, and only marginally improves from more compute and bigger training sets. Such improvement as we see currently is from improved harness / framework, which can only go so far. It's not getting to self improvement or AGI, and certainly not getting to wholesale replacement of (non bullshit) jobs, which is what they bet the farm on. If they get the pause this will be less egregiously obvious and they'll have a chance to IPO and raid everyone's retirement funds. Otherwise, they'll crash and burn before IPO (SpaceX had actually valuable tech and still got dragged down by xAI and X) likely taking out Oracle and Softbank along with them (sob :). Either way China will be supplying the majority of the world market for LLMs much cheaper and on renewables in the next year or two. Soon after it'll be a mostly local technology after all the moat building market cornering bullshit with (V)RAM goes away.
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