It’s not as much about the usefulness of LLM’s (although a lot of companies are more dependent on it every day), but about the not-as-useful as we expected part. Investments in LLMs have gone through the roof. When there are huge investments that do not match the usefulness of a product there is a bubble that bursts. For example tulip bulbs aren’t particularly useful either, but on a much smaller scale the insane investments did cost a bunch of people a lot of money. Another example is the dot com bubble of the late 1990’s.
So it’s not about ChatGPT ceasing to exist, it’s about overvalued stocks.
The oil comes on top of that and is what I meant when I said that it would be worse than today, since we are already starting to feel the effects of the oil crisis.
The oil crisis makes us that much more vulnerable to a market crash and global recession when the bubble bursts.
It’s not as much about the usefulness of LLM’s (although a lot of companies are more dependent on it every day), but about the not-as-useful as we expected part. Investments in LLMs have gone through the roof. When there are huge investments that do not match the usefulness of a product there is a bubble that bursts. For example tulip bulbs aren’t particularly useful either, but on a much smaller scale the insane investments did cost a bunch of people a lot of money. Another example is the dot com bubble of the late 1990’s.
So it’s not about ChatGPT ceasing to exist, it’s about overvalued stocks.
The oil comes on top of that and is what I meant when I said that it would be worse than today, since we are already starting to feel the effects of the oil crisis.
The oil crisis makes us that much more vulnerable to a market crash and global recession when the bubble bursts.