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๐Ÿ™ LLMs and technological revolutions

Do we have the components for a change of paradigm?
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In my previous video, I asked whether large language models (LLMs) could change the business model of the web.

Taking a broader perspective, I now want to examine the extent to which LLMs and similar technologies will fundamentally reshape our economies. Iโ€™ll specifically address whether LLMs, like OpenAIโ€™s โ€œgenerative pre-trained transformer 4โ€, can be considered general-purpose technologies (GPTs).1

Economists classify GPTs as powerful technologies that fundamentally alter cost structures in economies, with extensive long-term effects that trigger significant changes in societies and political systems. Examples include steam power and electricity. I explore these ideas further in my book Exponential (released as The Exponential Age in the US).

Should we consider LLMs as GPTs? And if so, are the conditions right for a technological revolution?

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Exponential View by Azeem Azhar
Exponential View by Azeem Azhar
Authors
Azeem Azhar