Earlier quoted context omitted.
This doesn’t make sense - there are literally thousands of academic AI research labs who are severely limited by compute resources. If anything could work better than transformers and require less compute they would be all over that.
I guess the argument is that most AI research is supported by the big tech, and they have heavily invested in the deep learning approach. If the fundings were funneled to research groups working on alternative approaches, maybe we'd see the same amount of progress in AI only using another approach.
Sure, NVIDIA et al may not want that (although, again I don't see why... they too can't produce chips fast enough so being able to provide models for customers now ought to be good), but there's so much money out there that does...