The rise of API-powered NLP apps: Hype Cycle, or a New Disruptive… – Towards AI

Large Language Models (LLMs) have come a long way in recent years. From fluent dialogue generation to text summarisation, and article generation, language models have made it extremely easy for anyone to build an NLP-powered product. As a result, hundreds of apps have been popping up every day, predominantly relying on APIs such as OpenAI, Cohere, or Stable Diffusion. Looking at these developments, one might wonder: what is the disruptive potential of such apps? Are they poised to deliver transformative results to all industries?