@cstross @NewtonMark
Bingo.
Folks who are hoping for #AIbubble to pop are going to be disappointed.
Not because it's NOT going to happen, but because when it does, it's not going to look like like a wipe-out, but consolidation like the dot.com boom-bust.
Instead of hundreds of capitalised players, there will be two, three. Which IMHO will be worse.
LLMs are genuinely useful tech and you don't need broligarch #datacentres, I got Deepseek R2 and Qwen 2.5 Coder running on a bottom tier VPS the other day, and though performance was shit, it's just a matter of more RAM.
TLDR; LLMs are not going away, folks who use them find them useful, and you don't have to burn the planet to use them.