Hofstadter said, "Well, maybe as important as the wheel." If AI significantly surpasses humanity in cognitive ability, then I think it will have a much bigger impact than the wheel. (I loved GEB and DH's other writings.) LLMs have really improved a lot of the last two years and they have shown many unexpected capabilities. I am guessing that they will get some more good input (text mostly), a lot more compute, and al…
I think we're going to see something very similar with LLMs. The autonomous car hype was driven by seeing that they were 80% of the way there and concluding that at the rate they were going they'd make up the remaining 20% quickly. That turned out to be false: the last 20% has been much harder than the first 80%.
LLMs are in a very similar place, even GPT-4. They're good, and they're going to be more and more useful (similar to adaptive cruise control/lane assist). But I predict that they're going to level out and stop improving as rapidly as they have in the past year, and we're going to end up at a new normal that is good but not good enough to cause the crises people are worried about.