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I think LLMs are revolutionary, but the (r)evolution will take decades to materialize.1980s was a different world. Today, the distribution that BigTech has, enabled by this thing called the Internet, changes the dynamic completely.
Given the investment, I believe LLMs will change some of the industries within 5 years, simply because it is a new but natural way to interact with Computers; and Google/Apple already put an Internet-connected Computer in everyone's hands.
This LLM hype is very real and is nothing like web3 (which lacked 10x utility over web2, imo).