Or it's technical people who have been around for a few of these revolutions, which revolved and revolved until they disappeared into nothing but a lot of burned VC, to recognise the pattern? That's where I'd place my own cynicism. My bullshit radar has proven to be pretty reliable over the past few decades in this industry, and it's been blaring on highest levels for a while about this.
Deep learning has already proven its worth. Google translate is an example on the older side. As LLMs go, I can take a picture of a tree or insect and upload it and have an LLM identify it in seconds. I can paste a function that doesn't work into an LLM and it will usually identify the problems. These are truly remarkable steps forward.
How can I account for the cynicism that's so common on HN? It's got to be a psychological mechanism.