There's also the issue that silicon and transformer technology is at the limit. We gamers know it, because some games today actually look worse or about the same as the best games released in the PS4 Era. The same is already happening to LLMs, but trillion dollar companies can still eat up costs. NVIDIA GH200 pulls
0.9 kWh per hour (21.6 kWh/day) at max load, requires insane cooling and costs $55,000 a piece, hardware price and energy requirements keep increasing.
Google AI Summary is actually damaging their main source of income, not by much, but they are, experts are telling this is not a good idea in the long run.
When the AI Bubble Burst, there will be very few players left, and I think there will be a major shift to local, less powerful LMs.