LLMs are genuinely world-shifting revolutionary technologies that I think will, in the long-run create a much better world for everybody. I think people are associating that with big dollar valuations, but it doesn't follow. Open weight models are already frontier level and continue to narrow the ever-shrinking gap that remains, inference costs are plummeting at an exponential rate, and in the long-run companies, individuals, and others are not going to want the sacrifice of control/privacy/profit that comes from relying on a third party for this tech, especially when that third party is going to be aiming for pricing in line with a valuation aimed in the trillions.

So, in other words - one can both be fully on-board with the LLM future, and also think that this IPO is a clown show.