The whole “it’s just autocomplete” is just a comforting mantra. A sufficiently advanced autocomplete is indistinguishable from intelligence. LLMs provably have a world model, just like humans do. They build that model by experiencing the universe via the medium of human-generated text, which is much more limited than human sensory input, but has allowed for some very surprising behavior already.
We’re not seeing diminishing returns yet, and in fact we’re going to see some interesting stuff happen as we start hooking up sensors and cameras as direct input, instead of these models building their world model indirectly through purely text. Let’s see what happens in 5 years or so before saying that there’s any diminishing returns.
Maybe a good speaker helps. I’ve tried them before and they’re good background noise for flights, but that’s about all I’ve gotten out of them.