And at the same time, absurdly slow? ChatGPT is almost 3 years old and pretty much AI has still no positive economic impact.
It will take some time for whatever reality is to actually show truthfully in the financials. When VC money stops subsidising datacentre costs, and businesses have to weigh the full price against real value provided, that is when we will see the reality of the situation.
I am content to be wrong either way, but my personal prediction is if model competence slows down around now, businesses will not be replacing humans en-mass, and the value provided will be notable but not world changing like expected.