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The industry structure of LLM makers
The Netscapes of AI
Railways improved the lives of millions - but investors were rewarded with a dramatic bust Large language models (LLMs) like Chat-GPT and Claude.ai are whizzy and cool. Using a tiny bit of some expensively trained model that Anthropic has produced could be very cost effective and might make some business idea work that wouldn't have 5 years ago. Implying (pretty dubiously) that we are 10 minutes from midnight in some kind of Ghost-in-The-Shell style AI crisis is in fact an extremely effective form of product marketing.
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