Compared to crypto which has been the hottest funding target for the past 5 years and has failed to produce anything novel or of value since the initial Bitcoin paper.. AI has already proven to be extremely useful and is improving very fast. If you start a billion dollar AI fund you’ll probably get a handful of really useful products - even if they all “just” apply these language models but trained for a specific task.

A few years ago I thought most “AI” was statistics with marketing but these new models coming out every month are starting to get undeniably impressive. I was absolutely wrong in how far these models can go. I think we’re definitely not dealing with just a “trick” at this point.