AI can't replace lawyers and doctors, but they can automate their paperwork and free up time for them to do other things.

The problem with this statement is that lawyers and doctors have to be able to assure their work. If they are wrong then there are consequences. If you have to spend time reviewing everything an LLM writes, even just for paperwork, along with all its sources, then the benefit of using it tends to being on par with rather than a benefit. When you add in the issues with personal skill decline it becomes a detriment.

I also wonder about the statement on AI companies being profitable. There was a report recently talking about how very few companies were realising benefits from their AI spend, with many also finding they were spending a lot more on it than they had planned to not realise those benefits. Are those companies going to continue to spend, particularly when the article talks about AI companies needing to charge more.