Subject: Re: Mungofitch Counterintuitive
Mungo’s observation: Actually, that first bit reminds me of some LLM companies...
"The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and
then earns little or no money."
Hmmmm.

Don’t forget the internet bubble of the late 90’s. I almost succumbed to the wild enthusiasm of the moment.
The only thing that saved me was too many companies wanted me to join in. When everyone and their second
Cousin wants to invest in a venture start up with no business plan longer than 18 months it’s time to sit back
and wait to see which ones can actually bring in a sustainable income.

It’s not that I’m not enthused with the fantastic potential of LLMs. Their internal structure and the design of
different training and working hardware improvements are mind blogging. Things like an effective 1.58 bit
floating point number completely change the effective computer throughput. Our local university has 100s of
research projects making use of AI in every field you can think of. There is no question this will impact the
economy but I’m not smart enough to understand exactly how.