Less glibly I think models will follow the same sigmoid as everything else we’ve developed and at some point it’ll start to taper off and the amount of effort required to achieve better results becomes exponential.
I look at these models as a lossy compression logarithm with elegant query and reconstruction. Think JPEG quality slider. The first 75% of the slider the quality is okay and the size barely changes, but small deltas yield big wins. And like an ML hallucination the JPEG decompressor doesn’t know what parts of the image it filled in vs got exactly right.
But to get from 80% to 100% you basically need all the data from the input. There’s going to be a Shannon’s law type thing that quantifies this relationship in ML by someone who (not me) knows what they’re talking about. Maybe they already have?
These models will get better yes but only when they have access to google and bing’s full actual web indices.
Try to find out if a plant is toxic for cats via google. Many times the results say both yes and no and it's impossible to assume which one is true based on the count of the results.
Feeding the models more garbage data will not make the results any better.
It is obviously very approximative and will be wrong at some point, but there isn't much more to rely on.
I, for one, salute my 160-years-old grandma.
But when you try to predict a one-off event, you need to use whatever information is available.
One very valid application of the principle above is to never make plans with your significant other that are further off in the future than the duration of the relationship. So if you have been together for two months, don't book your summer vacation with them in December.