CS PhD here. I've been involved in deep learning for many years now, and generative AI for the last couple of years. I saw some other major revolutions in my life starting with the Internet/Web explosion and the Smartphone explosion. You can say cloud and social networking were significant events but I would not put them in the same class as the first two. I would put the current embodiment of VR and crypto on an even lower rung of the "society impact" ladder. My personal opinion is that Gen AI tech (particularly LLMs but perhaps also the related stuff - diffusion, MLLMs) are more like Internet and Smartphone as game changers for society. Now, for the Internet boom, there was a ton of hype. I don't recall smartphones being as frothy but maybe I am forgetting the froth that was Angry Birds. So while I agree there is way too much hype at the moment, I think this is going to be big.
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