Ed is insufferable. And for the most part, he is right. LLM’s are propping up the economy, but as a technology these models are not transformative but iterative. At the rate of investment, unless we reach AGI in the next 24 months, then the ROI will not pay off. I don’t know what I’m supposed to do if Ed is right. Maybe I need to move my retirement accounts out of index funds and into cash. But for now, it does seem the market is in a bit of collective psychosis. Sigh.