In our story, investors are mining intelligence from GPUs, and they truly believe they are one inch from discovering the biggest goldmine in history. But GPUs, unlike a goldmine, cannot be inspected for traces of gold by independent contractors. To keep the hype up, the nihilists in our story dig up cheap gold-looking metals from time to time and tell investors that with a bit of alchemy - agentic workflows, etc. - those metals can be magically turned into gold.
Investors will keep digging until the end of the age, or until they run out of money.
But they're also superhuman in so many other ways. It's valid to point out limitations, but that doesn't support the conclusion that models are not incredibly powerful and capable of the functional equivalent of reasoning at human or superhuman levels in many scenarios.
All the political and emotional reactions to LLMs seem to obscure how absolutely amazing this technology is. I've pointed them at codebases I wrote entirely myself and had them find bugs, point things out I had missed, plan and implement refactorings to improve code quality, etc. I may be "smarter" than the models in some ways but there's no question they're smarter than me in others. They're unlike any tool we've ever had access to.
Yes, the politics and economics around them leaves a lot to be desired (read: is absolutely terrible), and there are a lot of valid justifications for the "AI backlash", but there's a very important baby in that bathwater.