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@dalias Nice summary. This is far outside my expertise, so I only have to offer a crude analogy:

The trope used to be that data is the new oil, so by that analogy LLMs would be the distilled gasoline?

(Note how this analogy implies that the result powers a huge speedup in e.g. commerce and warfare. Plus brutal battles over control of the oil fields / data warehouses, often ending with autocrats in charge.)