AI is the new bitcoin. Its a buzzword attractive to people looking for attractive investments but cannot be bothered to really map the practical utility back to practical application.
Let's be real. We have had autocomplete on the cheap for more than a decade before LLMs. How much greater utility do LLMs provide above autocomplete? Is that difference in value enough to justify the market value of something like OpenAI? I would say no. That is the definition of a bubble.
I suspect some of the misconception is that people envision LLMs will do things like replace developers. That is so misleading. Yes, AI can replace some developers that cannot do much on their on their own, but that draws entirely incorrect conclusions. Correlation does not imply causation. Just because your developers suck doesn't mean AI is magic. It just means your business couldn't select the right people, or train them, to write software. It also doesn't mean AI will provide something new or better than those people it replaces, which was likely just as true for a more intelligent autocomplete system.
Let's be real. We have had autocomplete on the cheap for more than a decade before LLMs. How much greater utility do LLMs provide above autocomplete? Is that difference in value enough to justify the market value of something like OpenAI? I would say no. That is the definition of a bubble.
I suspect some of the misconception is that people envision LLMs will do things like replace developers. That is so misleading. Yes, AI can replace some developers that cannot do much on their on their own, but that draws entirely incorrect conclusions. Correlation does not imply causation. Just because your developers suck doesn't mean AI is magic. It just means your business couldn't select the right people, or train them, to write software. It also doesn't mean AI will provide something new or better than those people it replaces, which was likely just as true for a more intelligent autocomplete system.