[syntheweave]

Like with crypto before it, there's a tiny core of good stuff in genai, and an industry of rent-seekers adjacent to that using it for cover.

The competition for AI is simply any solution that gets a higher quality of answer than a trained approximation. That's actually a lot of things, but often there's a chain of dependencies in the information lifecycle that lead to combinations of technologies, and so our total solutions frontier expands by having the tech as a "drop-in" option that would otherwise be some custom engineered thing. But the AGI hype, to name one "unlikely AI thing", is silly. Based on what we know, larger genai models are likely to be more normal, not more novel. And normal isn't right or good, it just tells us what we want to hear.

Crypto is actually covering a polar-opposite technological context: it lets you get very high quality answers within a very narrow space. Done right, it tells you what you DON'T want to know.