I agree that all the AI doomerism is silly (by which I mean those that are concerned about some Terminator-style machine uprising, the economic issues are quite real).
But it's clear the LLM's have some real value, even if we always need a human-in-the-loop to prevent hallucinations it can still massively reduce the amount of human labour required for many tasks.
NFT's felt like a con, and in retrospect were a con. The LLM's are clearly useful for many things.
Those aren’t mutually exclusive; something can be both useful and a con.
When a con man sells you a cheap watch for an high price, what you get is still useful—a watch that tells the time—but you were also still conned, because what you paid for is not what was advertised. You overpaid because you were tricked about what you were buying.
LLMs are useful for many things, but they’re also not nearly as beneficial and powerful as they’re being sold as. Sam Altman, while entirely ignoring the societal issues raised by the technology (such as the spread of misinformation and unhealthy dependencies), repeatedly claims it will cure all cancers and other kinds of diseases, eradicate poverty, solve the housing crisis, democracy… Those are bullshit, thus the con description applies.
> The LLM's are clearly useful for many things
I don't think that's of any doubt. Even beyond programming, imo especially beyond programming, there are a great many things they're useful for. The question is; is that worth the enormous cost of running them?
NFT's were cheap enough to produce and that didn't really scale depending on the "quality" of the NFT. With an LLM, if you want to produce something at the same scale as OpenAI or Anthropic the amount of money you need just to run it is staggering.
This has always been the problem, LLMs (as we currently know them) they being a "pretty useful tool" is frankly not good enough for the investment put into them
> it can still massively reduce the amount of human labour required for many tasks.
I want to see some numbers before I believe this. So far my feelings is that the best case scenario is that it reduces the time it needs to do bureaucratic tasks, tasks that were not needed anyway and could have just been removed for an even grater boost in productivity. Maybe, it seems to be automating tasks from junior engineer, tasks which they need to perform in order to gain experience and develop their expertise. Although I need to see the numbers before I believe even that.
I have a suspicion that AI is not increasing productivity by any meaningful metric which couldn’t be increased by much much much cheaper and easier means.
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LLMs of today advance in incremental improvements.
There is a finite amount of incremental improvements left between the performance of today's LLMs and the limits of human performance.
This alone should give you second thoughts on "AI doomerism".