I agree and disagree. It’s absolutely going to go stratospheric. But it also has clearly created something of immense value. Unlike bitcoin, which has no value or use, I at least have incorporated chatgpt in my workflow along side Kagi to great effect. I would gladly pay N multiples of my Kagi subscription to gain access to a faster and more reliable (the UX breaks constantly) version. Despite my latent wish to be unique I know there must be many more like me out there. This is my direct experience - :

* I have found ways to make it the most valuable tool in my toolbox (albeit in its current form not the exclusive tool - it’s simply wrong enough that’s not plausible). I have come to a point that I will pay money on a subscription to keep access. My use and value are in no ways unique, clever, or inaccessible to basically anyone. * it has a hype cycle, so it gets advertising for free

These things are what immense fortunes are made of, and as long as they can defend the IP of the product, it’ll be more enduring than crypto which ticks only the last box of my list. Yes, it’ll be pumped to the moon and see a painful correction. But if they can play the game right, I don’t see why they couldn’t have in their hands the basis of find next Netscape, Google, or iPhone.

The challenge is everyone know what they did, a lot of the research underpinning is public, and the stakes are so high that very smart people are now very motivated. Unless they have an enormous patent war chest it will be reproduced by others and OpenAI itself may not be the “winner” that takes all as the article seems to think.