[mxschumacher]

what I struggle with is that the top 10 providers of LLMs all have identical* products. The services have amazing capabilities, but no real moats.

The social media applications have strong network effects, this drives a lot of their profitability.

* sure, there are differences, see the benchmarks, but from a consumer perspective, there's no meaningful differentiation

[ogogmad]

This is perfect news for consumers and terrible news for investors. Which are you?

[mxschumacher]

well, I'm surprised by the sky-high valuations I see in the context of the problem I have outlined above. This is great for consumers, sure.

The AI bubble is so big that if it pops, it will have dramatic effects on the economy.