We tend to overestimate the short-term change, while underestimating the long term impact. A lot of hot air will likely vent when businesses realize LLMs didn't magically replace their workforce. Also, prices will go through the roof when energy production inevitably fails to keep up with demand for compute. Also, Moore's law more or less predicts we'll have today's technology in our phones in less than a decade.

I predict the B200 data centers we're build today will be obsolete in 3 years and we'll be using whatever models and hardware that isn't even on a road map today. Likely not NVIDIA, likely not OpenAI or Anthropic. Maybe Chinese?

In the mean time, we must continue building software with the clumsy coding agents tied to cloud services as this (for now) seems to be about the only area where AI economically makes sense.