LLMs would be better nomenclature than AI in this context. LLMs are not factual databases. They are not trained to retrieve or produce factual statements. LLMs give you the most likely word after some prior words. They are incredibly accurate at estimating the probabilities of the next word. It is a weird accident that you can use auto-regressive next word prediction to make a chat bot. It's even weirder that you can…
> LLMs are best thought of as language generators (or "writers") not as repositories of knowledge and facts. And the utility of a "language generator" without reliable knowledge or facts is extremely limited. The technical term for that kind of language is bullshit. > People don't care about (or are willing to accept) the "wrong answers" because there are enough use cases for "writing" that don't require factual accu…
I'd also argue that the economic value of coherent bullshit is ... quite high. Many people have made careers out of producing coherent bullshit (some even with incoherent bullshit :-).
Of course, in the long run, factual accuracy has more economic value than bullshit.