Not necessarily good for Nvidia. If the new algorithm is branch heavy, don’t parallelize well, … etc. and operate better on CPUs rather than GPUs, it will be Intel, AMD, and ARM that enjoy the windfall.
Just a few days ago there was a (somewhat cryptic) report about OpenAI developing a model that could do simple math. I'm certain they're pursuing quite a lot of research that's not directly related to LLMs.
I don't think we're heading towards AGI any time soon, but I can imagine a complex system in the next couple years which uses an LLM for text generation, but offloads its serious "thinking" on to predictable, specialized subsystems. It's easy to imagine a lot of possibilities for code in particular.
Alpha fold.
The leap that area took thanks to it was a leap.
It's more than just something potentially better
(Well, not artificial, but you get my point.) It couldn’t design ASICs in minutes.