I called it a year ago - it's an S-curve.
If I were an investor in a proprietary LLM, I'd be looking to offload those shares soon.
https://garymarcus.substack.com/p/evidence-that-llms-are-reaching-a
Evidence that LLMs are reaching a point of diminishing returns - and what that might mean
The conventional wisdom, well captured recently by Ethan Mollick, is that LLMs are advancing exponentially. A few days ago, in very popular blog post, Mollick claimed that βthe current best estimates of the rate of improvement in Large Language models show capabilities doubling every 5 to 14 monthsβ: