Hedgewitch Part 7: Oh, and it’s in a Bubble If they’re big enough, every fad turns into a bubble. Actually every fad does, but the little ones are hard to see.
The author argues that the current enthusiasm for Large Language Models (LLMs) represents a fad that has entered a bubble, following the typical Gartner hype cycle. They advise readers to ignore the inflated expectations and the subsequent "Slough of Despond," instead focusing on identifying LLMs' practical applications and moving directly to the "Plateau of Productivity." The author suggests LLMs can function as Socratic gadflies or tools in domains where correct information significantly outweighs false information. AI
IMPACT Suggests readers should critically evaluate LLM hype and focus on practical applications rather than inflated expectations.