I think the big problem is that the pace of improvement was UNBELIEVABLE for about 4 years, and it appears to have plateaued to almost nothing.
ChatGPT has barely improved in, what, 6 months or so.
They are driving costs down incredibly, which is not nothing.
But, here's the thing, they're not cutting costs because they have to. Google has deep enough pockets.
They're cutting costs because - at least with the current known paradigm - the cost is not worth it to make material improvements.
So unless there's a paradigm shift, we're not seeing MASSIVE improvements in output like we did in the previous years.
You could see costs go down to 1/100th over 3 years, seriously.
But they need to make money, so it's possible non of that will be passed on.