[kyledrake]

Pontificating on what actual profit will be generated by LLM companies is fair game, but reaching a conclusion that LLMs have no mass market utility is blisteringly insane. I could easily measure the increase in value I alone have had from using them in the tens of thousands of dollars.

It's more plausible for me that we will see a notable productivity increase in a lot of sectors of the economy over the next decade. Part of me wonders if this is an additional reason why the Russell 2000 has been spiking lately (investors concluding that there is more money to be made from the general productivity increases in the wider economy than the tech companies providing the LLMs that don't seem to possess any monopolies on the technology), but this is just my speculation.

[edzitron]

I think you are misunderstanding my point, and perhaps I should've worded it more-precisely"

"Mass market utility" here refers to its ability to sell at the scale it would need to substantiate its costs. As it stands, LLMs do not have mass-market utility at the scale that they need to substantiate their costs. It is really that simple. If they did, these companies would be profitable, and they would be having a meaningful effect on productivity, which they are not.

See page 4 of this report from Daron Acemoglu of MIT: https://www.goldmansachs.com/images/migrated/insights/pages/...

[scarface_74]

And he admitted he is “neither an engineer nor an economist, nor do I have privileged information”.

So why should we listen to him? ChatGPT has saved me a lot of time. Luckily it’s well trained on AWS API’s, tge SDK, CDK, Terraform and Kubernetes. Anything it isn’t trained on, I just give it links to the documentation