They know climate change will take down capitalism. They are hoping for AGI to save them.

The lack of progress is one thing.

The value for money is another: AI companies are still burning through vast sums of capital, while users are indeed using the products more and more... but still nowhere near at a price that would even cover the companies’ costs, let alone be profitable. If each token costs a few dollars, demand is likely to shrink significantly again... because as long as the systems operate stochastically and, logically, produce erroneous results, it may take a very large number of tokens to obtain a result that’s actually usable (this is especially true when using AI to replace workers whose tasks and skills you actually have no clue about).

So even if the bet materializes, we lose. If it doesn't, we also lose because the economy implodes. Fun times.

Best thing about this whole AI bubble is that the mask is off and everyone can see. The rich will dump us in a instant.

AGI will never happen with LLMs, but if you think in terms of a human brain out can be effective language and output and image recognition module. But there's no there there. Something else entirely is needed for true thought and sentience. But llm ai is already sufficient to translate machine thought into language sentences. You just need the spark of life that can actually think for itself.