Transformers clearly represent a significant advancement in software design, this is undeniable. For example, LLMs are so good at language translation that every approach to machine translation ever conceived of is now obsolete by a very large margin. There are a few other examples and certainly some new ones will emerge, so the tech is good and it's here to stay.
The question of "how do we make money from it" is a much harder to answer. Using every available computer to run quadratic time brute force on everything you can scrape from the internet is an unbounded resource sink that offers little practical return for almost everybody, but leveraging modest and practical use of generative machine learning where it works well will absolutely create some real value.
The question of "how do we make money from it" is a much harder to answer. Using every available computer to run quadratic time brute force on everything you can scrape from the internet is an unbounded resource sink that offers little practical return for almost everybody, but leveraging modest and practical use of generative machine learning where it works well will absolutely create some real value.