The Impact of Large Language Models on the Economy

Azim Azar: Can we consider large language models to be general purpose technologies? And if so, are the conditions ripe for a technological revolution? He says GPTs or multi-purpose technologies tend to fundamentally change cost structure in an economy. The evidence is early though it is, that LLM isn't likely to be a multiple multi-purpose technology,. We can see uses of LLMs in every industry.