On January 4th, 2023 Term Sheet, a well-known financial newsletter by Fortune (typically regarding PE/VC) posted a series of predictions regarding the calendar year 2023.

One of these predictions was the following:

“In A.I., while there is currently a mania for large language models (LLMs), expect a trough of disillusionment by about mid-year as people realize there is still a long way to go before A.I. can usefully replace human interaction.”  —Russ Wilcox, partner, Pillar VC

I will not attempt to initially define all resolution criteria in this market and will instead attempt to handle any nuances/complications/data feasibility as it arises. If by end of 2023 I think it is not possible to confidently resolve this market in the spirit in which it was intended, I reserve the right to resolve as "n/a".

Any clarifications to the resolution criteria will be listed below, along with the applicable date:

• [TBU]