I think this gives an excellent framework for how to think of this. Is it a bubble? Who knows is a perfectly valid answer.
I do think there’s something quite ironic that one of the frequent criticisms of LLMs are that they can’t really say “I don’t know”. Yet if someone says that they get criticised. No surprises that our tools are the same.
I pasted the essay on gpt and asked opinion and it agreed with you:
> He avoids the common mistake of saying “this is a bubble” and instead says: “I don’t know — and neither does anyone else.” That epistemic humility is real sophistication. Most people fake certainty here; he doesn’t.