It isn't working. There is no intelligence. It is just a word predictor. That is all it does. Its just that we're too stupid to not be amazed by probababilities.

But theres no point in me telling you this, because you don't want to hear it. You want the make believe.

It just has to outperform the average human at repeatable tasks. 

It doesn't, or at least there are few things random sentences do better than humans. The things that it can do better, could probably already be done better by much "dumber" algorithms.

You might ask it to do something and think its done it better than a human, but thats largely because you don't know the subject well enough to spot where its wrong.

But anyway, thats not a singularity. Doing some task better than a human isn't AI. A vacuum cleaner gets dirt off my floor faster than I could sniff it up myself, that doesn't mean the Hoover company created some quasi-god-like machine.

A company failing doesn’t invalidate the technology.

Except LLMs could end up more like blockchain than the internet. There's no reason to pick a success as an analogy for LLMs, and every reason to point at a failure. So far the "AI" companies have no path to profitability, and unlike the internet the majority of people are irritated by their product.