Exactly. And the few things GenAI does well aren't that compute intensive and can run on local models.

LLMs are terrible at writing new text that matters, i.e. anything at all technical or important. But they're good at reformatting content into properly structured English, editing text for grammar, and explaining everyday concepts. But they're so good at those things, that a tiny model running on consumer hardware can do it.

So, I don't understand how anyone can possibly expect LLMs to be a profitable business. Where are the moats?