I think the idea is that every company is dumping money into LLMs and no other form of alternative AI development to the point that all AI research is LLM based and therefore to investors and those involved, it’s effectively the only only avenue to AGI, though that’s likely not true
Yeah we are on the precipice of a massive bubble about to burst because, like the dot com bubble magic promises are being made by and to people who don’t understand the tech as if it is some magic that will net incredible profits just by pursuing it. LLMs have great applications in specific things, but they are being thrown in every direction to see where they will stick and the magic payoff will come