The duration of this hype-cycle/bubble has exceeded my expectations.

It's not that long IMO, it's been 2 years since Nvidia stock took off, and at that point OpenAI was valued between $29B and $86B (compared to $500B today), so I'd say we've entered bubbly territory around then.

Follow cryptocurrency for a closer understanding of inebriated capital trying to chase the new thing.

Personally Im not surprised. Im bearish on the capabilities of LLMs given the amount invested, but, I also believe theres about 2 years left (of minimal progress relative to money invested) to go before things finally start to crater.