this post was submitted on 30 Apr 2026
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LLMs are more like vr goggles with the force of the entire plutocracy pumping up the bubble. What is the value proposition for "intelligence" which can't reason nor possibly determine fact from falsehood? When consumers start to pay what it actually costs to run these things, is it possible to profit? What are they good at other than confidence schemes?
The existence of a bubble doesn't not mean the technology is useless. The internet had its own bubble 25 years ago. That doesn't mean it was useless, just that people were investing in anything even remotely related to the Internet, including stupid websites and wasteful ideas.
The difference that I've seen is that the internet was a development of communication technology which has been in clear demand since at least the 1800s. Chatbots have been around for the last few decades and have been treated as novelties by consumers for brief periods intermittently throughout my life. LLMs are the most sophisticated chatbots ever designed and are better than ever at imitating Austin Powers, but is that something we can expect will ever revolutionize the economy? Can we replace the labor force with a technology which can't do work but can convince the most credulous people that it can?