LLMs are not automation. That would have economic value. The generated text artefacts look coherent and we, as a society, don’t even value the coherent kind. We underpay most forms of writing. Even code has no inherent value (see open source) outside of the associated integration and expertise

Between diffusion models and LLMs, tech has inflated a trillion dollar bubble around automating activities that have immense social and cultural capital—writing, art, photography—but little actual capital. It’s harmful to education, culture, and society with minimal overall benefit

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