Bullshit: Chatbots are not failing to demonstrate a tangible increase in companies' output because of regulations and IP law, they are failing because they are still not good for the job.

LLMs only exist because the companies developing them are so ridiculously powerful that can completely ignore the rule of law, or if necessary even change it (as they are currently trying to do here in Europe).

Remember we are talking about a technology created by torrenting 82 TB of pirated books, and that's just one single example.

"Steal all the users, steal all the music" and then lawyer up, as Eric Schmidt said at Stanford a few months ago.