And at the same time, absurdly slow? ChatGPT is almost 3 years old and pretty much AI has still no positive economic impact.
Now look at the past year specifically, and only at the models themselves, and you'll quickly realize that there's been very little real progress recently. Claude 3.5 Sonnet was released 11 months ago and the current SOTA models are only marginally better in terms of pure performance in real world tasks.
The tooling around them has clearly improved a lot, and neat tricks such as reasoning have been introduced to help models tackle more complex problems, but the underlying transformer architecture is already being pushed to its limits and it shows.
Unless some new revolutionary architecture shows up out of nowhere and sets a new standard, I firmly believe that we'll be stuck at the current junior level for a while, regardless of how much Altman & co. insist that AGI is just two more weeks away.
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.
Don’t get me wrong: the current models are already powerful and useful. However, there is still a lot of reason to remain skeptical of an imminent explosion in intelligence from these models.
For some reason my pessimism meter goes off when I see single sentence arguments “change has been slow”. Thanks for brining the conversation back.
LLMs are like bumpers on bowling lanes. Pro bowlers don't get much utility from them. Total noobs are getting more and more strikes as these "smart" bumpers get better and better at guiding their ball.
Nobody seems to consider that LLMs are democratizing programming, and allowing regular people to build programs that make their work more efficient. I can tell you that at my old school manufacturing company, where we have no programmers and no tech workers, LLMs have been a boon for creating automation to bridge gaps and even to forgo paid software solutions.
This is where the change LLMs will bring will come from. Not from helping an expert dev write boilerplate 30% faster.
I agree that most of the AI companies describe themselves and their products in hyperbolic terms. But that doesn't mean we need to counter that with equally absurd opposing hyperbole.
If it costs them even just one more dollar than that revenue number to provide that service (spoiler, it does), then you could say AI has had no positive economic impact.
Considering we know they’re being subsidized by obscene amounts of investment money just like all other frontier model providers, it seems pretty clear it’s still a negative economic impact, regardless of the revenue number.