The pace of notable releases across the industry right now is unlike any time I remember since I started doing this in the early 2000's. And it feels like it's accelerating
Integration is accelerating rapidly. Even if model development froze today, we would still probably have ~5 years of adoption and integration before it started to level off.
You are both correct. It feels like the tech itself is kinda plateauing but it's still massively under-used. It will take a decade or more before the deployment starts slowing down.
It's more like GPT-3 is the Manchester Baby, and we're somewhere around IBM 700 series right now. Still a long way to go to iPhone, as much as the industry likes to pretend otherwise.