There'll be something else along. Perhaps metaverses will come back into fashion, or, er, data lakes or something? At any given time there is usually one thing that VCs are weirdly excited about; occasionally it pans out. Much as about 5-10% of VC-backed companies are big successes, 5-10% of VC-backed fads turn into something real.

How can it flop when there are already millions of people using it every day?

I don't know anyone who is using a LLM based product besides ChatGPT and Copilot.

Moreover, I know two people who are paying for ChatGPT And a handful that are paying for Copilot.

There’s a real potential market in AI driven support bots, but time will tell if they catch on or are just fads. “Things people have to do but don’t want to do” is an area to keep an eye on.

stackai, botpress, elevenlabs, midjourney, the title didn't say llm it said AI. This would also include vector db companies and ancillary services that only exist to add value to llm companies, that would probably fail or be way lower valued if there weren't an llm use case.

By making negative money per user, like all flops.

The secret is having zero users so you make an undefined amount of money per user.

do what paradigm is doing now, switch to different markets.