alt Hacker Newsthis is true because markets are generally efficient. It's very hard to find predictive signals. That is a completely different space than what we're talking about here. Performance is incredibly predictable through scaling laws that continue to hold even at the largest scales we've built
I agree this is a new space and prediction volatility is much higher. We have evidence going back to at least 2019 that improvements have been exponential (https://metr.org/blog/2025-03-19-measuring-ai-ability-to-com...). The benchmarks are all over the place because improvements don't happen in a straight line. Even composites aren't that useful because the last 10% improvement can require more effort than the first 90%.
To be frank, from what I can see, even if all progress stopped right now, it would take 1-2 decades to fully operationalise the existing potential of LLMs. There would be massive economic and social change. But progress is not stopping, and in some measurements, continues to improve exponentially. I really think this is incredibly transformative. Moreso than anything humanity has ever experienced. In the last year, OpenAI and potentially Claude have been working on recursive self-improvement. Meaning these models are designing better versions of themselves. This means we have effectively entered the singularity.