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etched tried this.... it didn't go very well

I would assume asic based llm would work really well. Why did it not go well?

https://chatjimmy.ai/ runs Llama 3.1-8B on an ASIC as a demo by https://taalas.com/ I believe.

That's quite a few parameters shy of today's trillion-weight behemoths, but it is fast.

You are correct. I think this is the bull case. It seems like this would be useful right now for some things (eg moderation).