>No they don't seem vastly more powerful.

This is just nonsense, no chatbots before LLM were powerful enough to help me during coding (in any meaningful way); the difference that turns a nerdy pastime into an actual and very useful piece of software.

> No they don't seem vastly more powerful. They're stochastic parrots--there is no 'intelligence' or problem solving, logic, comprehension, etc.

This doesn’t feel like a coherent argument to me. The statement “There is no “intelligence” in LLMs” does not demonstrate that LLMs are not more powerful than previous chat bots. Same for every other loosely defined subjective word you claimed LLMs are not.

Leave aside the question of whether LLMs do comprehension or whether they are a path to AGI. Just ask if they are a more powerful tool than what came before.

Microsoft invested $10 billion in Generative AI (that we know about). As far as we know, they invested nothing in NFTs. Google has been using Generative AI for years, and rewrote their entire Google I/O keynote to talk about it. They've spent billions on it. As far as I know, they spent nothing on blockchain. Amazon has already pre-announced support for Generative AI in AWS. They actually do have a blockchain product, but they certainly don't hype it like they do their AI product. And since they've announced they are building their own foundational model (Titan), you know they are spending at least a billion dollars building it.

So sure, maybe it's all hype, but the big tech companies with the money are certainly putting their money behind AI in a way they did never did with blockchain.

> Microsoft invested $10 billion in Generative AI

1/6th of 2021's profits, btw. If they lost all of it they would still be fine.

While that is true, I think you're missing the point. That they are betting way bigger on AI than they ever did on blockchain.

They've been "betting on AI" for the last two decades.