[sanderjd]

I'd say we're maybe half or two-thirds of the way down from the peak of inflated expectations toward the trough of disillusionment. Before long, I think maybe in the next three months or so, certainly around the time we hit the one year anniversary of chatgpt's release, we'll start seeing mainstream takes along the lines of "chatgpt and Bing's Sydney episode and such were good entertainment, but it's obvious in hindsight that it was a fad; nobody is posting funny screenshots of their conversations anymore, and all the pronouncements about a superhuman AGI apocalypse were obviously silly, it's clear chatgpt has failed and this whole thing was the same old hype-y SV pointlessness".

And at that point, we will have reached the trough of disillusionment. I think funding will be less readily available, and we'll start seeing some of the bevy of single-purpose LLM-based products start closing up shop.

But more quietly, others will be (already are) traversing up the slope of enlightenment. As others have mentioned, this is stuff like features in Microsoft's and Google's productivity products (including those for software engineering productivity like Github Copilot), and some subset of products and features elsewhere that turn out to be compelling in a sticky way.

I expect 2024 and 2025 to be the more interesting part of this hype cycle. I don't think we're on the verge of waking up in a world nobody recognizes in a small number of days or months, but I think in a few years we're going to have a bunch of useful tools that we didn't have a year ago, some of which are the obvious ones we've already seen, but improved, and others that are not obvious right now.

Not sure if this was insightful enough for you :) Apologies if not.