If the ASIC runs a model 100x better (faster, cheaper, less energy, etc.), it will remain competitive on any task for which frontier models don't improve as quickly. Any task for which current models are "good enough" arguably fall in this category. We just need to cross a threshold in terms of how many such tasks there are and their economic value. Also worth pointing out is that there's probably a lot of latent uses of LLMs, currently unexplored, that would be enabled specifically by a very low latency. Right now, I'd feel comfortable taking the risk.