people on the ground know that small models are enough, since llms are good at directed work (i.e handholding) not the let loose go wild that the labs try to hype on.
the only thing that few people are willing to admit is that humans are the bottleneck as humans are needed to handhold / verify output - which puts a dent or might I say pause on the excessive valuations of a.i companies as that's against the narrative.