What will be left after the GenAI bubble bursts? Probably quite a lot given the accelerating capital investment which big tech firms are making in AI 👇
Over the last two years I’ve argued consistently that conflating large language models (as a technological development) with ‘Generative AI’ (as a hype cycle and market bubble) is obviously mistaken. The two things have been tightly coupled together since the launch of OpenAI’s ChatGTP in November 2022 but it’s likely we’ll seen a decoupling over the coming months. I’m convinced the bursting of the bubble is getting closer but utterly unconvinced this means the technology will vanish, as some seem to be imagining. In fact I think the meaningful grappling with the technology can really begin at that stage, away from the dynamic astutely identified here:
Both groups of companies forgot the “make something people want” mantra. The generality of LLMs allowed developers to fool themselves into thinking that they were exempt from the need to find a product-market fit, as if prompting a model to perform a task is a replacement for carefully designed products or features.
https://www.aisnakeoil.com/p/ai-companies-are-pivoting-from-creating
Mark Carrigan 