Speaking for myself, I can't reasonably think of a way to have "acted on this knowledge to benefit myself" other than warning others in my personal life about the limitations of Machine Learning and the bubble I'm observing.

In my encounters, the people making money off the AI boom (that I feel is a bubble) are large entrenched corporations, and the AI start-ups that have flourished I've encountered had critical factors that would be impossible for me to replicate (Harvard/Princeston grads who have VC investment connections from their family).

The large corporations leveraging it haven't rocketshipped their stock price, and the start-ups that have really increased in valuation are all pre-IPO and aren't exactly inviting me to join in their series A funding rounds.

So all that's left to my observation to "act on this knowledge" would be to try to bafflegab some LLM snakeoil amongst the 1000s or 10ks of identical attempts, and honestly I don't see the LLM bubble being any more viable than any of the previous things (crypto, etc.)

So, is there something I'm missing on how to "capitalize on the knowledge" that the current AI trend is a bubble?