This is really striking, isn't it? We've all certainly seen demos of things on this list or very similar things, and there are startups that have spent years and billions of dollars attempting to exploit existing LLMs to develop useful products. Yet most of the products don't seem to exist. The ones that you see in everyday life never seem to work nearly as well as the demos suggest.
So what's going on here? Do the products exist but nobody (or very few) uses them? Is it too expensive to use the models that work sufficiently well to produce a useful product? Is it much easier to create a convincing demo than it is to develop a useful product?
It is too expensive to reach the right audience. I remember talking to agencies about ads for a fintech app, and all of them said the same thing:
You need to burn around 20k a month on ads for 3 months, so we can learn what works, then the CAC will start decreasing, and you can get more targeted users.
Once you turn ads off, there is no awareness, no new users, and people will not be aware of the product's existence.
So what's going on here? Do the products exist but nobody (or very few) uses them? Is it too expensive to use the models that work sufficiently well to produce a useful product? Is it much easier to create a convincing demo than it is to develop a useful product?