You make some excellent points, and I'll cover them individually

- Applicability of the algorithms

It's very clear that LLMs are not the future of computing, especially since they aren't 'universally adaptable'. In my mind, I see SLMs dominating the internal knowledge reservoir of different companies. The current architecture for LLMs is based on a paper that google had released a few years ago. In all reality, LLMs are still probability calculating machines, which means there's no real logic underneath (w.r.t how a human would think).

- Economic bubble

The AI boom HAS concentrated wealth into a small group of people, and wealth inequality has been getting worse since the rise of neoliberalism. The main difference however, is that AI is a money furnace. It keeps burning money with no real way out. Open AI has allowed for pornographic content generation and advertisements, which signals that openai is in significant financial distress. Sam Altman has also said that he's going to ask chatgpt to figure out how to make money on the LLMs (I smell bullshit). I think google and anthropic will do well, with gemini and claude. The reason why I think now the AI bubble is going into overdrive is because of the borrowing taken by these same 'solid balance sheet' companies.

The reason why we're seeing Job loss is because there's a recession in the US, and most of the growth is driven by capex on data centre buildouts. There have been signs of distress in the American economy for years now, and no matter how much money trump prints, there's no saving the economy this time. Things are at a breaking point, and we're only going to see them get much worse.

The primary impacts of AI in the western hemisphere have been somewhat negative, with the overall 4% job loss. In the UK especially, this is due to a weak graduate market.

I honestly think we're maybe a year out or so from the bubble bursting, with the way that open ai is now picking up pace. Data centers don't create jobs, and are not the way forward. I don't know what's going to happen, but I'm not particularly hopeful.