ChatGPT condenses knowledge to something manageable and talk to us about it. Which is also great, I’d argue less important, but it’s still an amazing idea. Significantly, ChatGPT can only work with enormous amounts of investment. To grow it needs more data centres than we’ve ever built before.
You’d think that would make it less valuable. A car with mileage of 10mpg should be less valuable than a car that does 100mpg. Something’s broken in the system though, in this case the high compute cost of LLMs is creating their value because it creates other investment opportunities around them.