I can see hype go through the roof again if someone like OpenAI delivers a model that is as big of a leap as GPT3 to GPT4. Other LLMs have caught up to GPT4, but surely OpenAI has been using the 2 year lead they had and readying GPT5?

There are two AI developments that I'm quite excited for:

1. Very large foundational models (such as GPT5-level LLMs)

2. Optimizations for smaller models, context size, inference speed, and multimodal LLMs

I think 2024 has been the year for #2, which is why the hype has died down a little. No splash big models that shock the world and make white collar workers shiver. But #2 is crucial to actually deploying LLMs to the masses.