I have been using Chat-GPT has a full time expert and I can unequivocally tell you that its a transformative piece of technology. The technology isn't hyped.
I agree as this is also my personal experience. But I also see the usage of ChatGPT is falling down fast from 1.8 billion visitors to 260 million last month [1].
I am probably through some ETF an investor in MS, so I do hope the openai API usage is showing a more stable and upward trend.
Well ChatGPT is no longer the top dog and there's quite a bit of competition in the space. Including Llama 3.1 which is free. In general I think most of the moat that OpenAI had has evaporated in the last few months, but also for other LLM companies.
Not sure how they plan on making money in the long-term, eventually the investors and shareholders will start asking when they will be seeing the returns on their investment.
It is very nice as "Markov chains on steroids", but people believing that LLMs are anything but a distracting local maximum on the path to AGI are 200% in kool-aid drinking mode.
