Comment Re:They said the same thing (Score 2) 58
"They" do. The Great Recession debt bubble was immediately proceeded by luminaries such a Barney Frank self-assuredly denying any problems, and characterizing the pesky noticers as misguided.
The AI bubble is end stage. LLMs are essentially next level search engines and, while powerful, their power is finite, especially since the training material is already exhausted. Further, there is little value in redundant implementations: there is no need for a dozen plus distinct tier 1 LLMs all exhibiting approximately the same performance.
So a shakeout is imminent. We will not be carpeting the country with nuclear reactors because Sam Altman. That's actually a shame: if a bunch of reactors were built for the wrong reason, at least we'd have the reactors when it's all over.