It's looking at the existing data in the context of everything it's been trained on. It's forecasting in a very sophisticated way. We're a couple years away from seeing fully realized applications with these models that exploit the most clever and nuanced uses. Moore's law is trundling along in the meantime, and we're 6-8 years from seeing these massive transformer models show up in a flagship phone.

It might be overhyped, but it's also a massively broad-use tool that is going to provide value for many years to come. We've hardly scratched the surface of its utility.