Markets can remain irrational longer than anyone can stay solvent (especially when wealth is as concentrated as it is currently: one doofus can keep an entire industry afloat).

“Unlimited progress” is not a statement on the rate of progress, it’s a statement on the limits of progress. It’s a much weaker claim than you’re framing it as. Your claim very much is that we have not yet reached the limits of LLMs potential. My claim, conversely, is that we’re already reaching diminishing returns, which are being masked by a massive influx of compute and energy. My short: LLMs are not the path to AGI.