For the time being, and the foreseeable future, LLM’s sweet spot seems to be low-grade translation, and ultra-low-grade bottom barrel ‘content generation’. Which is… not nothing, but also not what you’d call world-changing. As a number of people said, there probably is an industry here; it’s just that it’s worth on the order of tens of billions, not trillions as the markets currently appear to believe.

(Some people will claim it’s a great programming tool. Personally sceptical, but even if it’s the greatest, most amazingest programming tool ever, well, “we might be even more important than Borland and Jetbrains were” is not going to thrill the markets too much. Current valuations are built on mass-market applicability, and if that doesn’t show up soon there will be trouble.)