I’ve noticed that Automotive insurers have bet heavily on LLMs to replace experienced estimators on repair work.

Lots of vehicles are being written off that can be repaired and lots of repairs are being authorised above the value of the vehicle.

Meanwhile estimators are being forced back into the repair industry, or have taken early retirement.

Retail punters purchasing wrecks at auction and repairing them privately and as a result second-hand parts supplies are drying up. This is also throwing their new LLM based algorithms way off on their estimates for repair costs.

I’m just waiting for the LLM bubble to burst. Anyone who invested any time or money into this scam being marketed as “AI” is going to end up like those Bitcoin and NFT investors…

It's probably a good thing that everyone isn't freaking out at the same time, but then again it sure would be nice if we had enough people freaking out to actually do something about it.

It's too late to keep Earth as healthy as it once was, but we can at least slow the impact to preserve as much as possible.

Sounds like they’re having a bit of fraud as a treat.

I think the buck stops with reinsurance companies IIRC. Until then the house of cards builds higher