AI will follow a much more logarithmic growth than the hype may lead you to believe

We've been perpetually '6 months away from AGI', yet as amazing the SOTA generative models are - we're no where near that.

I don't believe that the current generative ML architectures will be enough to deliver the promises even over the next decade. Generative models have their limits.

There's also a massive AI bubble in the U.S., wit the same entities over promising on results directly benefiting from public funds, which get counted as revenue many times over. Maybe this need a new term like, rerevenuezation (like rehypothecation with bonds) 😄

With that said, I don't think we're anywhere near the full benefits just from the tech we have available up to today. Agentic systems in particular.