The "it'll make all your devs 6x as productive by the end of the year" types of promises. But those probably explain the valuations
They already had many "explanations" and models for why the planets were seemingly moving back and forth in the sky during the year. Their models were more complicated than necessary simply because they didn't want to consider the different premise.
The technology - for what it is being used vs what is invested - does not match up at all. This is what happened to the dot-com bubble. Theres was a whole bunch of innovation that was needed to come to bring a delightful UX to bring swathes of people onto the internet.
So far this is true about LLMs. Could this change? Sure. Will it change meaningful? Personally I dont believe so.
The internet at its core was all about hooking up computers so they they could transform from just computational beasts to communication. There was a tremendous amount of potentitial that was very very real. It just so happens if computers can communicate we can do a whole bunch of stuff - as is going on today.
What are LLMS? Can someone please explain in a succint way...? Im yet to see something super crystal clear.